We will manage Ruta 5 Temuco – Rio Bueno in Chile through our subsidiary, Grupo Costanera, jointly owned with CPPIB. Grupo Costanera submitted the most competitive bid in the tender process run by the Chilean Ministry of Public Works (MOP). This marks the second successful bid by the Mundys Group in Chile in less than a year, following the award of the Santiago-Los Vilos concession in August 2024 through the Vias Chile platform (established by Abertis). The awarded concession has a useful life of up to 43 years. As a result of this award, the Mundys Group’s Chilean motorway network now exceeds 1,100 km, generating EBITDA of almost €1bn.
The 182 km-long Ruta 5 Temuco – Rio Bueno motorway is part of Ruta 5, Chile's backbone, connecting the areas of Temuco and Valdivia and serving also as a link to Osorno and Puerto Montt further to the south. It is the main intercity motorway, with limited alternative routes, connecting southern Chile with Santiago. The motorway supports economic activity in the area (forestry, fishing, agriculture, livestock farming) as well as tourism in the south of Chile, one of the country’s best known tourist destinations. The motorway also improves connectivity between the La Araucanía, Los Rios and Los Lagos regions, which together host more than 10% of the country’s total population. This marks Grupo Costanera’s first milestone in the south of the country, where Mundys is already present after acquiring the adjacent Ruta 5 Rio Bueno – Puerto Montt concession many years ago.
Grupo Costanera will take over operation of the motorway in April 2026 and will invest in excess of €700 million over an estimated period of 7 years. This investment will fund increased capacity, improved safety and traffic management. These improvements will be delivered thanks to Grupo Costanera’s proven experience in toll road development and operation. The concession has been awarded for a period of up to 43 years and will, in any event, expire when the value of cumulative revenue matches the amount stipulated in the concession agreement.
“This transaction comes just a few days after the acquisition of a majority stake in the A63 motorway in France, through our asset company Abertis, and confirms that Mundys is successfully pursuing its strategy of acquiring new infrastructure networks in several countries around the world. We are honoured to further consolidate our presence in Chile, one of the most important countries in Mundys's portfolio, given the high quality of its legal and regulatory system. Through our asset companies, we will continue our commitment to developing the toll road system and providing efficient services to the Chilean community," said Elisabetta De Bernardi, our Chief Asset Management Officer.
