Sacyr

Sacyr executes innovative high-value projects and has more than 70 concessions for motorways, airports, railways, hospitals and water assets around the world.

In 2024 COFIDES supported Sacyr with a joint venture loan amounting to Euros 75 million charged to its own resources and to the Fund for Foreign Investment (FIEX) in the Américo Vespucio Oriente I (AVO-1) and Ruta de la Fruta (Highway 66) concessions in Chile.

Innovation and sustainability as drivers

Inaugurated in July 2022, the Américo Vespucio Oriente concession is one of the most important road works undertaken recent years in Chile. It is an underground road that connects six Santiago districts along more than nine kilometres, benefiting more than 750,000 people and significantly reducing travel times.

"In the design and construction of the Américo Vespucio Oriente concession, we incorporated various measures to guarantee a sustainable process and improve operational efficiency”

Pablo Otero, CFO at Sacyr

As part of its commitment to sustainability, AVO-1 operates entirely with energy certified renewable energy. In addition, it implemented an innovative lighting system that brough energy savings of 66%, achieving 100% light uniformity and reducing CO₂ emissions by 233 tonnes per year.

Connectivity for the fruit and vegetable sector

The Ruta de la Fruta (Highway 66) will improve the connectivity of the fruit and vegetable sector in the regions of Valparaíso, O'Higgins and Metropolitana, facilitating the efficient transport of products to national and international markets. "The project will include key services such as rest areas and emergency assistance," explains Pablo Otero. Improvements in road safety and lighting will also be implemented, and cameras on the road and an emergency assistance system will be installed.

"Ruta de la Fruta will have a positive impact on more than 200,000 inhabitants", assures Pablo Otero, who points out that, during its construction, "it will generate an average of more than 800 jobs per month, reaching more than 1,100 during peak periods".

Internationalisation, the key to business

Sacyr has a long track record in the foreign sector, with experience in more than 20 countries. As Pablo Otero comments, "Sacyr's development and growth cannot be understood without internationalisation, which began with a motorway concession in Chile 30 years ago". In fact, in 2023, 75% of the company's revenues came from business outside Spain. "Internationalisation is driving us to achieve the goal we have set in our Strategic Plan to be leaders in the development of greenfield transport, water and social infrastructures".

"The experience with COFIDES has been highly fruitful and enriching from day one," says the CFO. In his opinion, "an entity such as COFIDES, which supports the internationalisation of Spanish companies and their participation in strategic projects, is fundamental both for the growth of our country and for the development of the regions in which we deploy our transport, water and social infrastructures".

“Sacyr is a leading company that COFIDES has supported in its internationalisation process for more than a decade, offering constant and effective support that has contributed to accelerating its expansion. The relationship of trust built up over the years has allowed us to close in record time a transaction that incorporates a novel structure to finance the capital contribution to two important projects in Chile"

Ane Sáenz de Zaitegui, Joint Head of the Investment Unit at COFIDES

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