InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

Colombia’s ISA establishes company in Chile

InvestChile - August,3,2020

ISA has signed a joint venture with a Colombian construction company that will have a starting capital of US$1.3 million.

camino carretera

Intervial - the highway operator in Chile linked to the ISA group - and Colombia’s Construcciones El Cóndor have established Interconexiones Viales SpA, a Chile-based company through which they plan to grow in highway concessions in their home country and Peru.

In 2010, ISA, an important player in both the Chilean and Colombian electricity markets, acquired all Cintra’s stake in Chilean highways, with the idea of ​​gaining experience in the sector before expanding to the rest of the region.

Intervial is one of the main operators of interurban highways in Chile. It currently holds the contract for six stretches of highway in both northern and southern Chile. As a result, it will contribute expertise in concessions while Construcciones El Cóndor has experience and a leading position in Colombia in investment in road concessions and construction, as well as its knowledge of structuring bids for tenders and private initiatives.

Interconexiones Viales - which will be controlled by Intervial (65%) - will have a starting capital of US$1.3 million. The president of ISA, Bernardo Vargas, indicated that “we know that the infrastructure sector is a key pillar of the economic reactivation of the country and the region. In Colombia, we will be attentive to the country’s needs and proactive in satisfying them by proposing private projects.”

“In parallel, we will continue to develop our current business in Chile through Intervial Chile, seeking to win the re-tender of the concessions we already hold, and will continue to participate in the projects that the Public Works Ministry puts out to tender,” added Vargas.

To learn more about investment opportunities in the infrastructure sector, read this article.

Source: Diario Financiero

How to invest in Chile Languages

Topics: Infrastructure

InvestChile

InvestChile

We are the government agency responsible for promoting Chile in the global market as a destination for FDI.

Previous Post

Chile to be a global leader in production of green hydrogen by 2050

Next Post

Chile to accelerate infrastructure investments to boost economy

NEWSLETTER

Subscribe To Our Newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Our Newsletter

You Can Also Subscribe Here To Our Monthly Investment Review Newsletter

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More