VINCI becomes road concessionaire in Peru, new 25km toll road to be built

By Catherine Sturman
VINCI Highways, VINCI Concessions international highways subsidiary, has signed an agreement with Brazilian group INVEPAR for the acquisition of 100% of...

VINCI Highways, VINCI Concessions’ international highways subsidiary, has signed an agreement with Brazilian group INVEPAR for the acquisition of 100% of LAMSAC company, concessionaire-holder of Línea Amarilla toll road in the center of Lima, and PEX, LAMSAC’s electronic toll collection operator. The deal is based on an enterprise value of LAMSAC and PEX at PEN 5.5 billion (around EUR 1.5 billion) as of 31 December 2015.

LAMSAC holds a concession contract with the Municipality of Lima to build, operate and maintain the 25km-toll road, valid until November 2049. The transaction will be finalised and the operations are transferred in the second half of 2016, once the required approvals have been obtained.

In 2015, traffic on LAMSAC averaged 134,000 vehicles/day. Traffic will further increase following the completion of a new section under construction. With an average annual growth rate of more than 6% over the past 10 years, Peru features a very attractive economy.

This transaction is part of VINCI Concessions’ strategy of expansion in an area with strong growth potential. On 21 April 2015, VINCI Airports notably won the concession contract for the international airport in Santiago de Chile as part of a joint venture, which began operating the airport in October 2015. The construction of a new terminal, which will get under way soon, is expected to double the airport's capacity.

More broadly, this transaction reflects the VINCI Group's expansion goals in Latin America. With the acquisition of the Brazilian Orteng Engenharia e Sistemas company in March 2015, VINCI Energies began operating in Brazil, where it has become a leader in services linked to energy and industry. More recently, the Group formed a strategic partnership with Constructora Conconcreto, a leading Colombian construction and real estate development company, to help support Colombia’s major road infrastructure development projects.

Follow @ConstructionGL

Read the August 2016 issue of Construction Global magazine

Share
Share

Featured Articles

Neoen’s Storen Power Reserve begins construction in Sweden

Notice to Proceed given to Nidec at the end of December 2022, French renewable energy producer says

Masdar works with African countries on renewable projects

Agreements with Angola, Uganda and Zambia will see development of renewable energy projects with a combined capacity of up to 5GW

Select Group awards US$816.7m in construction contracts

Contracts awarded cover more than 10 million square feet of development and are for development projects launched over the last year

Saipem awarded $1.2bn contracts for Guyana and Egypt project

Construction Projects

Saudi Arabia dominates MENA construction sector in 2022

Facilities Management

WeBuild-led consortium signs €1.26bn Italian highway contrac

Construction Projects