Sacyr asks Chile to endorse concessions

By
Tuesday, October 21, 2014

Spanish construction and concessionaire group Sacyr called on the Chilean authorities to review their decision to halt hospital concessions, local newspaper Diario Financiero reported.

The company has seven projects in Chile for a total investment of US$1.7bn, six of which are under construction, including the US$1.05bn Américo Vespucio Oriente expressway in Santiago and a hospital in Antofagasta region (II).

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In an interview with Diario Financiero, Sacyr's head of concessions Rafael Gómez del Río asked the government to reopen the hospital concessions, halted when President Michelle Bachelet took office in March claiming they were inefficient and expensive.

"Companies like ours have a great deal to contribute to hospital concessions," Gómez del Río was quoted as saying by the newspaper.

Since March, two hospital tenders were cancelled and another project that had already been awarded and was waiting for final approval was put off.

Gómez del Río also called on the government to expand concessions to dams and rural roads, claiming they would benefit from much needed investments in those sectors.

Bachelet launched a US$28bn infrastructure plan up to 2020, including 25 concession projects such as the US$655mn Santiago international airport, the US$387mn Punilla reservoir, the US$1.98bn Costanera Central highway and the last stretch of the Américo Vespucio Oriente urban highway.

The local construction chamber, however, has estimated the country's infrastructure deficit at US$58bn.