HOCHTIEF PPP Solutions GmbH · Project Example
Vespucio Norte Express
| City | Santiago de Chile |
| Country | Chile |
| Client | Ministry for Public Works, Chile |
| Contract type | BOT (Build-Operate-Transfer) |
| Capital expenditure | EUR 521 million |
| Contract period | 30 years (2003–2033) |
| Life span | |
| Shareholders | Brookfield Asset Management (100 %) |
In 2001 the Chilean Ministry for Public Works awarded HOCHTIEF PPP Solutions and a partner the contract for the PPP project. The consortium planned, financed and built the 30-kilometer section of the beltway around Santiago de Chile on the basis of a BOT (Build Operate-Transfer) contract. It was opened to traffic in 2006, and the Canadian investor, Brookfield Asset Management is responsible for operating it until 2033. The project’s investment volume amounts to EUR 521 million.
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