Sacyr Concesiones, a subsidiary of the Spanish construction firm, has been shortlisted for the award of the Second Route 57 Santiago–Colina–Los Andes Concession in Chile, following the opening of the financial bids for the tender process on Friday, according to a statement issued by the company. The new concession will cover more than 110 kilometres of road infrastructure and will have an official construction budget of approximately 800 million euros.

Total revenue over the 20-year concession period is expected to be around 2,800 million euros. The award is subject to the completion of the administrative procedures set out by the Chilean Ministry of Public Works.

SOURCE: CincoDías

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