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HOCHTIEF Sells its Shares in Chilean Toll Highway Tunnel - Sale of 50 percent of shares in the concession company of the Tunnel San Cristóbal toll highway in Santiago de Chile - HOCHTIEF.com
HOCHTIEF Sells its Shares in Chilean Toll Highway Tunnel

 

NewswireToday - /newswire/ - Essen, Germany, 2015/07/09 - Sale of 50 percent of shares in the concession company of the Tunnel San Cristóbal toll highway in Santiago de Chile - HOCHTIEF.com. ASX: CIM

   
 
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HOCHTIEF has sold its shares in the concession company of the Tunnel San Cristóbal toll highway in Santiago de Chile. Buyer of these shares is the infrastructure investor Brookfield Infrastructure Group which already holds the other 50 percent of shares in the company.

Tunnel San Cristóbal is in operation since summer 2008. HOCHTIEF (hochtief.com) had planned, financed and built the tunnel on the basis of a BOT contract (Build, Operate, Transfer) which the company received in February 2005 and has been operating it since its opening. The double-tube structure has a diameter of nine meters. Together with the additional connections to the tunnel under Mount San Cristóbal, the toll link has a total length of 4.1 kilometers. In addition to the construction of a ventilation system, HOCHTIEF installed drainage pipes as well as a safety and control system. The San Cristóbal Tunnel directly connects with the Vespucio Norte Express beltway which was also realized by HOCHTIEF. For the heavily frequented highway around Chile‘s 6-million capital, the tunnel performs an important function.

 
 
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Written by / Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Sells its Shares in Chilean Toll Highway Tunnel

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Publisher Contact: Bernd Reuther - HOCHTIEF.com 
+49 201 824-1449 bernd.reuther[.]hochtief.de
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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