The company, through its Grupo Costanera subsidiary, was awarded the concession for a 126-kilometer highway on Chiloé, strategically located for the island’s connection to the mainland.
The Italian infrastructure company Mundys announced this Thursday an expansion of its presence in Chile with a new concession for Route 5, the Chacao-Chonchi highway. The company will now manage a 1,300-kilometer road network in the country.
“We are proud that Chile, a country with a solid and transparent legal system, considers us a reliable partner capable of managing complex, long-term infrastructure projects,” Mundys executive Elisabetta De Bernardi said in a statement.
The concession for this 126-kilometer highway, strategic for connecting Chiloé Island to the mainland, was awarded to Grupo Costanera, a subsidiary of the company, which won the tender launched by the Public Works Ministry.
The concession will be valid for a maximum of 50 years.
The company, formerly Atlantia, plans to invest €700 million (US$818 million) to “develop the road network and improve its connectivity, safety and sustainable development in the region.”
This is the third concession Mundys has obtained in Chile in the last year, following the awarding of the Santiago-Los Vilos highway section in August 2024 and the Route 5 concession between Temuco and Río Bueno last March.
This latest concession will give the multinational nearly 1,300 kilometers of roads in Chile, including the concessions currently under construction, generating pre-tax profits (EBITDA) of more than €1 billion (US$1.178 billion).
Source: Forbes Chile.