Chile defies Azvi and cancels two concessions worth 400 million euros
Chile is not backing down. The Government of José Antonio Kast explained this weekend to the authorities of Concepción (Bio bio) the reasons that have led it to suspend the two concession contracts awarded to Azvi at the end of last year and which involved investments worth a total of 400 million euros.
The Chilean government, led by José Antonio Kast, has suspended two concession contracts awarded to Spanish construction company Azvi last year, worth a total of 400 million euros. The contracts were for the Corredor de Transporte Público Ruta 160 and the Corredor de Transporte Público Ruta 150, as well as the Concepción-Talcahuano highway.
Azvi had proposed a 20% reduction in costs, but the government's decision to instead use public funds for the projects has sparked concerns in the sector. The move comes as the Kast government is set to launch new infrastructure projects through concessions, including the Autopista Libertadores, a highway currently managed by Abertis, which is up for relicensing with an investment of over 800 million euros.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
