Latin America: Ferrovial wins USD 125m Chilean transmission lines contract

30 July 2018 - 12:00 am UTC

Spanish infrastructure developer Ferrovial won a USD 125m contract to build and operate a 250km double-circuit transmission line north of Santiago, according to a 27 July announcement.

The project has a 20-year period of set earnings with the Ministry of Energy, but that the transmission lines represent a freehold asset, according to a Ferrovial spokesperson, adding that the Spanish construction giant plans to fund the construction of the asset with a combination of equity and third-party resources. 

The project will take 48 months to build and is part of Chile’s ongoing efforts to strengthen the national electric grid. 

Advising Ferrovial on the tender is Larraín y Asociados (legal). 

The new project represents Ferrovial’s second set of transmission lines in the country following the company’s USD 72m acquisition of the 204km Transchile transmission lines, which link the Charrúa and Cautín substations in southern Chile. 

Ferrovial acquired Transchile from Brazilian companies Alupar and Companhia Energetica de Minas Gerais (Cemig).

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