Estados Financieros, (Inglés, Español) - Túnel San Cristóbal

The MOP authorized the provisional placement into
service set forth in article 1.9.2.7 of the Bidding Terms and
Conditions, once the Concession-holding Company had
furnished the guarantee of operation, previously approved
by the State Inspector.
The Concession-holding Company must furnish an
additional guarantee of operation to insure compliance
with the conditions in which the State will receive the
Concession, as set forth in article 1.11.3 of the Bidding
Terms and Conditions. This guarantee must be delivered 24
months before the expiry of the Contract through ten equal
payable on demand bank performance bonds issued in
Santiago, Chile by a local bank to the General Director of
Public Works, for a total of UF 55,000 (fifty five thousand
Unidades de Fomento). This additional guarantee will be
valid for 3 years.
All of the operating performance bonds must be payable on
demand.
The bank performance bonds will be returned within 15
days after the State Inspector certifies that the Concessionholding
Company has discharged all of the obligations
undertaken with the MOP.
The additional performance bond will be returned by the
MOP within 15 days after its expiry date.
25.3 Supplementary Agreements
a) Supplementary Agreement No. 1
Supreme Decree 508 of the Ministry of Public Works,
dated July 30, 2007, published on the Official Gazette on
November 12, 2007, approved Supplementary Agreement
1, which amended the “Concesión Variante Vespucio – El
Salto – Kennedy”. public works concession contract. The
main aspects of this contract are the following:
The modifications to the layout, design, works and services
set forth in this contract were as follows:
1. Sociedad Concesionaria Túnel San Cristóbal S.A. had
to modify and improve the works of the northern sector
of the works under concession and of Avenida Américo
Vespucio, by performing the engineering survey and other
surveys required to modify the layout of the tunnels and
their accesses in the northern sector of the works and
execute the works of the so-called “Alternativa Pirámide”.
The Concession-holding Company was responsible for and
assumed all of the construction, geological and natural risks
of the so-called “Alternativa La Pirámide”, as well as all of
the obligations set forth in the Bidding Terms and Conditions
for the Reference Project which were extended to include
that alternative.
2. The layout of the works under concession was modified,
in the following areas of the Acceso El Salto section: Zones
1 and 2 of the original Engineering Reference Project (PRI),
which are defined in Table 1 of article 1.8.7.2.1 of the
Bidding Terms and Conditions.
3. The Concession area was expressly modified, being
applied to the PRI layout, which is maintained, and to
the New Concession Layout, and ratifying what is stated
in definition 4 of article 1.2.3 of the Bidding Terms and
Conditions, that is, anything that is required to execute the
works and to render the services defined in the Concession
Contract which are to be located on State-owned property
for public or government use.
4. As a consequence of the foregoing and of the agreements
reached herein, the PRI works of the northern area of the
concession that are withdrawn, were excluded from the
concession contract, therefore the Concession-holding
Company was released from having to fulfill any and all
obligations related to those works.
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