50.01% Mundys, 49.99% Canada Pension Plan Investment Board
Grupo Costanera is a leading company in the public infrastructure sector in Chile, with proven experience in engineering development, construction, administration, and management of public works concession contracts.
Its leadership can be evidenced by its broad presence in the concession market, highlighting its success in managing large urban highways under concession that have high standards of quality and technology for the direct benefit of its users and the city of Santiago.
Grupo Costanera manages 7 concessions in Chile and over 50% of the urban motorway network serving Santiago. Five of them serve the densely populated and growing areas of Santiago, as well as the region of Valparaíso, which includes the largest port in the country and the second largest city in Chile. In addition, they were awarded the construction and management of two other important projects for the Metropolitan Region: Américo Vespucio Oriente, Av. Príncipe de Gales-Rotonda Grecia section, and Conexión Vial Ruta 78 to Ruta 68.
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Our partner: who manages Grupo Costanera with us
In August 2012, we completed the sale of a 49.99% stake in Grupo Costanera to the pension fund, Canada Pension Plan Investment Board (CPPIB).
The partnership with CPPIB, already present in Chile’s infrastructure sector, strengthened Grupo Costanera’s position as the country’s number one motorway infrastructure operator.
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At June 30, 2021, the Fund totalled $519.6 billion.
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Grupo Costanera carries out environmental and infrastructural upgrades in Santiago, Chile
The interventions mainly to be carried out concern the areas surrounding the southern section of the Américo Vespucio ring road, one of the main...
Grupo Costanera and the water of Santiago: necessity and virtue
Santiago de Chile is home to more than six million people, one-third of the nation's population. Lying along the banks of the Mapocho River, the...
Supporting the community in Santiago, Chile
As well as improving traffic flow, the programme has enhanced the quality of urban life by transforming previously congested areas into gardens...