Grupo Costanera

What Grupo Costanera does

Grupo Costanera SpA is a Chilean toll highway concession operator established in 2000, controlled jointly by Italy's Mundys SpA and Canada Pension Plan Investment Board (CPPIB Chile SpA). It is the leading highway concession operator in Chile, currently operating 5 toll road concessions totaling 184.9 km across the Santiago Metropolitan Region and Valparaíso Region: Costanera Norte (42.7 km), Vespucio Sur (23.5 km), Autopista Nororiente (21.5 km), Acceso Vial AMB (10 km), and Litoral Central (90 km). The company also holds three additional concessions under construction/development — AVO II (5.2 km tunnel), Conexión Vial Ruta 78-68 (9 km), and AMB III (10 km) — and recently won the Ruta 5 Tramo Temuco-Río Bueno concession (181 km) in 2025, expanding its footprint into southern Chile.

The company's core technology is a free-flow electronic toll collection system using gantry-based detection that enables continuous traffic flow without toll booths, supported by 22 gantries on Costanera Norte and 15 on Vespucio Sur. Additional technical capabilities include tunnel mining construction (AVO II uses German tunnel mining techniques at 23-54 meters depth beneath Santiago's Metro Line 4), 24/7 CCTV monitoring with emergency response posts, and integration with adjacent services such as the Copec electric charging station on Costanera Norte.

Grupo Costanera operates under a government concession model, generating revenue through per-transaction toll fees collected electronically on its highway network, plus construction and operation fees for new concession projects. Concessions are awarded by Chile's Ministry of Public Works (MOP) through competitive public bidding for terms of 30-40 years, with toll rates regulated by the MOP. The company serves a distributed base of urban commuters, freight operators (notably those serving the Port of San Antonio on Litoral Central), and air travelers accessing Santiago's Arturo Merino Benítez International Airport, with parent Mundys providing global infrastructure expertise and CPPIB providing long-duration pension capital.

Name

Grupo Costanera

Legal name

Grupo Costanera SpA

Website

https://grupocostanera.cl

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Grupo Costanera SpA is a Chilean government-concessioned toll highway operator, controlling 5 active concessions totaling 184.9 km in Santiago and Valparaíso, plus additional projects under construction, serving urban commuters, freight operators, and airport users.

Ownership category

akta.pro rank

Product category

Highway Concession Operations

akta.pro primary industry

Managed Services & Operations Outsourcing for Tolling/RUC Programs (TLAJABAL)

Keywords

• Toll road concessions
• Highway infrastructure
• Urban toll highways
• Concession operations
• Electronic toll collection

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Toll Road Operations: Grupo Costanera generates revenue through operating toll highways under long-term concession agreements (30–40 years) with the Chilean government. Revenue is collected via free-flow electronic tolling systems (gantries) that charge vehicles passing through concessioned highway segments. The company also earns fees for construction and operation of new concession projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Grupo Costanera operates, constructs, and administers urban and interurban toll highway concessions in Chile under 30-40 year contracts awarded by the Ministry of Public Works (MOP). The company collects tolls via free-flow electronic gantry systems on a network spanning 184.9 km across Santiago Metropolitan Region, Valparaíso Region, and southern Chile, with additional 200+ km under development including tunnel, airport access, and intercity highway projects. Revenue is generated through per-vehicle toll fees on concessioned highway segments, supplemented by construction and operation of new concession projects.

Product overview

Grupo Costanera operates a portfolio of urban and interurban highway concessions in Chile totaling approximately 365.9 km across eight active concessions and three projects under development. The portfolio comprises Costanera Norte (42.7 km), Vespucio Sur (23.5 km), Autopista Nororiente (21.5 km), Acceso Vial AMB (Tramo A: 2.2 km; Tramo B: 7.7 km), and Litoral Central (90 km) as operating concessions, alongside development projects including Vespucio Oriente II (AVO II, 5.2 km tunnel), Conexión Vial Ruta 78-68 (9 km), and Acceso Vial AMB III (10 km). The company also holds the Ruta 5 Tramo Temuco-Río Bueno concession (181 km). Core technology includes free-flow electronic toll collection systems with automated gantries, tunnel management infrastructure, and 24/7 security monitoring with CCTV and emergency response systems. The concessions operate under a public-private partnership model with Chile's Ministry of Public Works (MOP).

Differentiator

Problem solved

Functional benefit

Products and services

• Costanera Norte Urban toll highway spanning 42.7 km from Puente La Dehesa to Ruta 68, traversing 11 communes of Santiago. Features 22 free-flow electronic toll gantries, 3 lanes per direction, operating speeds of 100 km/h on open sections and 80 km/h in tunnels. Provides daily commuting and inter-regional travel services to Santiago residents and travelers.
• Vespucio Sur 23.5 km urban toll highway section of the Américo Vespucio Circumvalation in Santiago. Operates with 15 free-flow electronic toll gantries and 3 lanes per direction, connecting the eastern zone of Santiago to the southern and southwestern industrial areas of the capital. Serves commuters and freight traffic.
• Autopista Nororiente 21.5 km northeast access toll highway connecting Santiago's north and east zones via tunnels, viaducts, overpasses, bridges, and interchanges. Benefits approximately 200,000 residents of Vitacura and Colina communes commuting between north and northeast Santiago.
• Acceso Vial AMB Airport access toll highway to Arturo Merino Benítez International Airport in Santiago, totaling approximately 10 km across two phases: Tramo A (2.2 km south access) and Tramo B (7.7 km north access). Features free-flow electronic toll collection and 24/7 security monitoring with CCTV cameras and emergency posts. Serves air travelers, airport employees, and airport-related cargo transport.
• Litoral Central 90 km coastal toll highway network inaugurated February 2004, connecting Valparaíso and San Antonio provinces. Integrates beach resorts between San Antonio and Algarrobo with central valley highways. Serves residents and vacationers (over 80% of users, including seasonal beach traffic) and export trucks transporting cargo to the Port of San Antonio (second largest user group).
• Vespucio Oriente II (AVO II) 5.2 km urban tunnel toll highway concession connecting Av. Príncipe de Gales to Rotonda Grecia through tunnels at 23-54 meters depth beneath Santiago's Metro Line 4. Features two express toll roads with three lanes per direction. Construction uses innovative German tunnel mining and hybrid tunnel methods. USD 815 million investment; will benefit approximately 660,000 inhabitants across La Reina, Ñuñoa, Macul, and Peñalolén communes with approximately 3,500 vehicles per hour capacity.
• Conexión Vial Ruta 78-68 9 km toll highway connecting Route 78 (Santiago-San Antonio) with Route 68 (Santiago-Valparaíso-Viña del Mar) in western Santiago. Runs through Pudahuel and Maipú communes, extending from the end of the Costanera Norte concession to Asunción street. Provides critical freight and inter-regional connectivity.
• Acceso Vial AMB III Third airport access toll highway concession providing new northern access to Santiago International Airport (Arturo Merino Benítez). Located in Pudahuel commune, approximately 10 km total length including 4.4 km of new construction. Maximum 480-month concession term.
• Ruta 5 Tramo Temuco-Río Bueno Second concession for 181 km highway section through Gorbea, Loncoche, Lanco, Mariquina, Máfil, Los Lagos, Paillaco, La Unión, and Río Bueno communes in southern Chile. Includes 37 new pedestrian bridges with universal access, four new bridges, and service areas. USD 836 million investment; new works starting 2027, operations beginning 2033.

Quantifiable outcome

• AVO II project will reduce travel times significantly on one of Santiago's primary circulation axes, benefiting 660,000 inhabitants
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• CopecminorStrategic or Co-development PartnerCopec inaugurated Chile's first 100% electric service station on Costanera Norte highway in the Santa María sector of Vitacura commune. The electrolinera can charge up to 6 vehicles simultaneously with different charging standards and powers, serving up to 10,000 customers annually. Features sustainable wood design, Gogoro battery swap station, and outdoor seating area.
• Fundación Cristo ViveminorStrategic or Co-development PartnerCostanera Norte renewed its two-year commitment to support social and labor reintegration of people experiencing homelessness through the Hospedería Integral program, based on the Housing Led model. Between 2023-2024, the program supported 436 people with 17% achieving stable housing and 33 reconnecting with families or employment. Two program participants were hired at Grupo Costanera.
• Corporación 3Xi (Juntos en la Calle program)minorStrategic or Co-development PartnerCostanera Norte participates in the 'Juntos en la Calle' program led by Corporación 3Xi, offering solutions for people experiencing homelessness near the highway. The program connects concessionaire companies with government and community efforts for social inclusion.
• MOP Chile (Ministerio de Obras Públicas)coreOthersThe Chilean Ministry of Public Works is the mandante (grantor) of all toll road concessions operated by Grupo Costanera. The MOP sets toll rates, concession terms, and oversees compliance through the Dirección General de Concesiones. Under the 'Buen Vecino' Concessions Program, the MOP generates investments and concessionaires execute community improvement works.
• Municipalidad de RencaminorStrategic or Co-development PartnerPartnership with Renca municipality under the 'Buen Vecino' program, where Costanera Norte executed the renovation of Parque Costanera Renca (5.9 hectares) and the new Parque de la Alegría de Renca, with community participation in design decisions and naming.
• Corporación Cultural de Lo BarnecheaminorStrategic or Co-development PartnerCostanera Norte supports the 'Mural a Cielo Abierto' initiative by the Lo Barnechea Cultural Corporation, providing infrastructure space for public art installations. The 'Guardianes de la Cordillera' mural spans over 1,000 square meters on the south wall of Costanera Norte in Lo Barnechea, created by artist Alessia Innocenti Serrano.
• Fundación Actual, Fundación Metro 21, FGS, ULMAminorStrategic or Co-development PartnerPartner organizations supporting the 'Mural a Cielo Abierto' initiative in Lo Barnechea alongside the Corporación Cultural, Costanera Norte, and the artist Alessia Innocenti Serrano.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• VINCI Highways: VINCI Highways is the toll-road concession arm of French infrastructure major VINCI, operating motorway concessions globally including long-term PPP contracts. It directly mirrors Grupo Costanera's business model of designing, building, and operating toll road infrastructure under multi-decade government concessions.
• Sacyr Concesiones: Sacyr Concesiones is the infrastructure-concession arm of Spanish construction major Sacyr, with significant toll road operations globally including in Chile. It competes head-to-head with Grupo Costanera for new concession awards in Chile and operates an economically identical long-term concession model.
• CCR S.A. CCR S.A. is the largest toll road operator in Brazil, operating multiple highway concessions under long-term contracts from federal and state governments. It is the most directly comparable LATAM toll-road concession peer to Grupo Costanera in terms of regulated toll pricing and concession-driven economics.
• Ecorodovias: Ecorodovias is a major Brazilian toll road concession operator managing highway concessions granted by ANTT and state governments. It shares with Grupo Costanera the same long-duration concession model, government-regulated toll pricing, and exposure to urban and interurban traffic flows.
• Abertis: Abertis is a global toll road concession operator headquartered in Spain, managing thousands of kilometers of toll roads across Europe and the Americas. It is the closest functional peer to Grupo Costanera in terms of long-duration concession-based toll road operating model and PPP regulatory exposure.
• Aleatica: Aleatica is a Mexico-based operator of transportation infrastructure concessions (toll roads, airports, rail). It is a direct regional peer running the same concession economics model across multiple LATAM jurisdictions, including long-term government concessions for toll highways.
• Itinere Infrastructure: Itinere Infrastructure Partners is a European toll road concession operator owned by Spanish investors, with a portfolio of motorway concessions across Europe and LATAM. It operates an economically identical concession-based toll-road model to Grupo Costanera.
• Globalvia: Globalvia is a Spain-headquartered global infrastructure concession operator focused on toll roads, railways, and airports across Europe and the Americas. It is a closely comparable peer in the road concession operating model and PPP regulatory framework, with overlapping geographic exposure to LATAM.
• Acciona Concesiones: Acciona Concesiones is the infrastructure concession division of Spanish group Acciona, operating toll roads and other transportation infrastructure globally. It shares with Grupo Costanera the focus on long-term regulated concessions and PPP-style infrastructure assets.

Broad incumbents

• Brookfield Infrastructure Partners: Brookfield Infrastructure Partners is a large global infrastructure owner and operator with extensive toll road and transportation assets. As a broader incumbent infrastructure investor and operator it shares capital-availability dynamics with the Mundys-CPPIB consortium backing Grupo Costanera.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/grupo-costanera-s-a-

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Costanera