Review of 2010 – USD version - Skanska

Business streams
Autopista Central – a tollway
that pays its way
Skanska Infrastructure Development was selected
for the project in September 2000
Total investment by Skanska: About USD 140 M
Average daily traffic: About 64,000 vehicles
Traffic revenue, 2010: About USD 180 M
Sale agreement: Signed in 2010
Skanska is now selling its stake in the Autopista Central
in Chile. To date, the highway is the largest public-private
partnership project that Skanska has pursued from start
to finish.
Skanska played several roles in the creation of the
Autopista Central − project developer, investor, builder
and responsibility for operation and maintenance.
Skanska’s investment, which totaled about USD 140 M,
has yielded returns at every stage. Skanska was halfowner
and also had a 48 percent stake in the construction
and operation project.
The divestment will be completed and reported in
the financial statements during 2011.
The 61 km (38 mi.) long highway also shows that
Skanska’s good investment capacity generates projects
for its construction units.
64,000 vehicles per day
Autopista Central was the first of Santiago’s two toll
highways. More than 1.5 million registered and paying
users is a good measure of their benefits to society. An
average of 64,000 vehicles a day use the highway, and
2010 traffic revenue totaled about USD 180 M.
Almost eleven years have passed since Skanska won
the tender competition. In order to land the project,
Skanska had already carried out extensive development,
so construction work began quickly. The highway
opened to traffic late in 2004, and by early 2006 the
entire stretch of highway was completed.
The Autopista Central, which crosses right through
Santiago, is a toll highway without toll barriers. Both
invoicing and monitoring take place electronically.
Every meter of the highway is visible from surveillance
cameras. There are 120 cameras in all. If an accident
occurs or a car stalls, help is on the way within a few
minutes. Both healthcare staff and towing specialists
can be dispatched immediately to help those in need
and to ensure that the highway remains open for traffic.
Earthquake-safe
The condition of the highway is subject to regular
inspections and maintenance. Necessary repairs are
generally performed at night. The highway structure
is stable and was not damaged by the powerful earthquake
off the coast of Chile in February 2010.
The Autopista Central was welcomed by all those
drivers who were previously forced to spend valuable
time in long traffic jams. The highway relieves the
pressure on local streets, shortening the travel time
through Santiago by up to 40 minutes.
58 Infrastructure Development Skanska Review of 2010 – USD version