Link Abertis Magazine no. 7 January 2013


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Link Abertis Magazine no. 7 January 2013

  1. 1. Interview Moacyr Duarte, chairman of the Brazilian Association of Road Concession Holders P. 16 report abertis is to manage three toll roads in Chile P. 26 sanef and abertis enter Dalí’s universe P. 58January 2013 no. 07 - Second period abertis: world leader in toll roads
  2. 2. editorial Sensitivity and intelligence Reading the article on Smart Cities tries in the areas of toll roads – with sanef published in these pages by the Italian in France in 2006 and with Brazil in 2012 asAfter the architect and engineer Carlo Ratti has made essential references −, airports and telecom-agreement to me think about the inseparable relationship munications, and these were the result of between sensitivity and intelligence.With The anticipation; of sensitivity concerning theintegrate the sensitive city, Ratti suggests to us that the urgent need for change and the requirementsOHL concessions intelligence of a city – its efficiency in manag- for preparing a company for the future. Thisin Brazil and ing all its processes based on information has created a company capable of makingChile, we can technologies, from the traceability of waste its growth sustainable, diversifying its geo-now say that to the management of mobility – depends on graphical risk and, therefore, giving it theABERTIS is the the city having “senses”, or being sensitive. He strength to overcome the different phases is referring to a physical concept. The city, he of the economic cycle, which are normallybiggest toll states, must be covered with sensors so that asymmetrical, so that one country or eco-road operator the information they transmit allows intelli- nomic region provides compensation andin the world gent, reasoned decisions to be adopted. rebalances the upward or downward phase In a way, then, intelligence presupposes of another country or region. the sensitivity of knowing how to appreci- We are working, then, to maintain the ate and interpret – to anticipate – the con- Group’s strength and growth potential. It is text we operate in. And this is valid both for based on this strength that we are not distant organisations and for people. We cannot from the context or the economic situation settle for a judgment about what has to be we are going through. It affects us too and, done and how without first having diag- with this perspective of medium- and long- nosed what is happening to us, or without term consolidation and competitiveness, we having sensitivity – the capacity to sense have also made decisions involving adapta- and interpret the signals we receive in order tion and a dose of sacrifice, which we have to allow us to establish this diagnosis. no need to hide. I like to think that at abertis we have We are ending a 2012 packed with deci- been capable of providing ourselves with this sions anticipating the future of a transformed, sensitivity; this sense of anticipation on which more global abertis. These decisions make some of the key decisions made over the last us more competitive and also more efficient. few years have been based, culminating in They bring us size and, therefore, lungs and the reality of a group which, now the agree- space to grow. Many talk to us about capac-Salvador ment to integrate the OHL concessions in ity to interpret the context and anticipate;Alemany Brazil and Chile has been concluded, we can about capacity to be ready and react in time.President of abertis now say is the biggest toll road operator in The abertis of the end of 2012 is more solid. the world. It is more international. It has committed Let’s think for a minute what our Group’s shareholders, strengthened, after the Brazil- position would be in the current economic ian operation, with the incorporation of the context if we had not driven forward the proc- OHL Group as a Group shareholder. ess of internationalising our activity at the It is an abertis that continues to work beginning of 2000, and, more strongly, since for the future. A global company more com- 2003. From having 98% of income generated plex to manage because of the different in Spain in 2000, we have moved to the 40% nature and situations of the markets and we are forecasting for 2013. abertis has been countries where we operate, but also with definitively transformed into an international more opportunities to grow and develop our company with a global reach. This is a chal- aptitudes and attitudes as professionals, as lenge and, at the same time, an opportunity. people and as responsible citizens, aware of That boost and strategic decision has and sensitive to the difficult context in which taken the form of operations in other coun- we must act and make decisions. n JANUARY 2013 n Link abertis n 3
  3. 3. 22 no. 07 Summary 16 08 report abertis, new world leader in toll roads 16 38 Tunnels 48 abertis to manage 26 44 54 INTERVIEW report Vallvidrera and el Cadí 58 link abertis Moacyr Duarte Infrastructure Finance Carpooling 49 link abertis is a publication from “The concessions in Brazil Summit 2012 More than 10,000 users Abertis Infraestructuras, SA are consolidated” Debate on the sector abertis foundation 50 Av. del Parc Logístic, 12-20. 06 22 40 08040 Barcelona. abertis holds its 4th Tel.: 93 230 50 00. Fax: 93 230 50 02. Edited and coordinated by: Volunteering Day abertis Corporate Communication Department. Opinion REPORT report Road education 52 Editorial board: Salvador Alemany, Carlo Ratti Department of Internal Telecommunications New action in Francisco Reynés, José Aljaro, Josep Maria Coronas, Toni Brunet, Juan María Hernández The sensitive city Resources and Efficiency The towers celebrate secondary schools Puértolas, Sergi Loughney and Joan Rafel. 12 A multidisciplinary, competitive a birthday Corporate image and production: Castellet 54 42 Erik Ribé and Bernat Ruiz. and innovative team Content coordination: Candidate to be Centre 26 Alícia Cobeña. report for Mediterranean Editorial: Alícia Cobeña, Gemma Gazulla, Internationalisation report Biosphere Reserves Marc Gómez and Leticia Gonzálvez. Contributors: Christine Allard, Carolina Brazil opens its doors report Infrastructures 1st abertis Bergantiños, Bob Bullock, Julio Cerezo, Joan to the private sector Latin America A commitment Investor’s link Fontanals, Enric Pérez, Mercedes Pérez-Cruz, Roser research award 56 14 Prenafeta, Marc Ribó, Albert Rossell, Bernat Ruiz, abertis, biggest toll road to the city of the future Using mathematics to abertis, abertis autopistas, abertis telecom, 44 operator in Chile abertis airports and abertis foundation. predict traffic 30 Production: 68 report Dalí 58 Ediciones Reunidas, SA (Grupo Zeta). Revistas Corporativas Barcelona. International presence news abertis sponsors an Consell de Cent, 425. 08009 Barcelona. The role of infrastructures travel Hispasat 44 exhibition about the Tel.: 93 227 94 16. results Manager: Òscar Voltas. Editorial coordinator: in a global world Valparaíso Two new satellites Catalan painter in France January-September 2012 Nuria González. Chief reporter: Toni Sarrià. 15 61 The ocean’s bride sanef 46 Results looking up Editorial: Gemma Figueras and Toni Capilla. 34 Layout: Cristina Vilaplana and Xavier Julià. 72 Purchase of the leading toll Sub-editing: Ares Rubio. report systems company in Europe briefs Legal deposit: B-16432-2010. abertis shareholder service line: 902 30 10 15. Economy Night report Eco-pôle 47 abertis news anniversary abertis accepts no responsibility for the opinion abertis receives an award for metropistas sanef’s future Other news abertis celebrates 25 years of its contributors in the work published, nor doesthe best operation of the year First year of history green building headlines in brief on the stock market it necessarily identify with their opinions.1 n link abertis n January 2013 January 2013 n Link abertis n 2
  4. 4. opinion The sensitive city Networks, sensors and design are redefining our cities. The by Carlo spaces where we live are going to be greener, more social and Ratti more connected. In a word, they will be smarter. Architect and engineer he practices in Italy It seemed as if the Internet was might say that the Internet is invading the must act. “What must we do?” is one of the at works at MIT, where he runs the Senseable going to annihilate cities but, physical space, a phenomenon often known questions we hear repeated time after time City Lab. instead, it is saving them. In the mid-90s, by the name Smart City.. This development by the mayors of Asian, European and Amer- due to the Internet explosion promoted has also turned other situations on their ican cities. There are different possible He has worked for by the first internauts, many people spoke heads, and we are now seeing the beginning approaches. The first of them fascinates the more than 200 of the Death of Distance, taking the title of a hybrid dimension between the digital big multinationals, many of which are publications, including The New York Times, of the book by Frances Cairncross. The and the material world, transforming the strongly entering the Smart City. field. From Scientific American, explosion of networks heralded the sup- way we live. Let’s take Formula 1 races, for Cisco to Ibm and Siemens, many of them La Stampa and the pression of distances in the physical world. example: 20 years ago, in order to win you are offering solutions to make services like magazine Domus. The idea was such as strong one that the needed a good engine and a good driver, but transport and waste collection more effi- American writer George Gilder went as far now what is required is a telemetry system cient. It is an interesting approach, although His work has been as to say that, with people having every- based on compiling data from thousands sometimes too technical and designed from exhibited at the Venice Biennale, the Museum thing at their fingertips, cities would disap- of sensors fitted on the car and processing outside. of Decorative Arts pear as a “useless legacy of the past”. How- it in real time. On the other hand, it is also possible in Barcelona, the ever, since then, the number of people who In the same way, today’s cities allow to work in cities from below, allowing the Science Museum prefer to live in urban areas has increased us to compile an unprecedented quantity public to play a new role. We have seen it in in London and the until, in 2008, it exceeded 50% of the of information which can then be trans- the case of the Arab Spring, or the election MoMA in New York. world’s population, an unprecedented formed into responses by residents or by of Obama as President of the United States. Time valued his Digital situation in human history. the public administration. The universe of Similar dynamics can be activated to man- Water Pavilion at the Instead of weakening the existing ele- urban aspirations is the clearest sign of this age an urban area. In the United Kingdom, 2008 World Exhibition ments of centrality, the networks have rein- development. For example, the Waze appli- Fix My Transport has become a very effec- as one of the best forced them. In fact, technology frees us cation for mobile phones which contributes tive, free system for compiling what is not works of the year. from the obligation to be in one single place to getting traffic to work better thanks to working in the public transport system and In 2010 the magazine to do things, but that does not take us away users’ indications. Then there is Open Table, solving transport problems. In Boston, Mayor Blueprint selected him from inhabited centres.The things that inter- which allows customers to book restaurant Menino launched the New Urban Mechan- as one of the 25 people est us in our everyday lives are in physical tables directly (in the United States hardly ics project to incentivise the activism of who “will change the space: a good quality of life, a favourable anyone now phones to book a table). individuals, who have become “city experts”. world of design”, human context, optimum environmental Services based on the exchange of data The most outstanding features of the project Forbes picked him out conditions and all the other factors that collected from the environment are also the include the applications developed to help as one of the “names you need to know” determine the choice of the place where we basis for the activities carried out by the point out problems and to put families and in 2011 and Fast are going to live. And the statistics on the SENSEable City Laboratory at the Massa- teachers in contact. Company named him best cities to live in continually focus on chusetts Institute of Technology (MIT) in Instead of investing in huge, unwieldy as one of the “50 most these, as do economists like Richard Florida, Boston, such as the Trash Track project, a projects, authorities must create new plat- influential designers author of The Rise of the Creative Class. And system making it possible to remotely fol- forms for the public and, above all, intervene in the United States”. How Its Transforming Work, Leisure and low the route of samples of rubbish using to remove the obstacles limiting urban inno- Everyday Life. electronic labels. It was discovered that not vation. This civic, digital activism offers a So, new technologies are not eliminat- all waste was going to the most appropriate great opportunity. The Smart City model is ing cities, but they are transforming them recycling facilities and that some samples also an opportunity. The challenge of the technologies. One example is traffic: we will be the way of inhabiting spaces, thanks in a far-reaching way. Cities, covered with covered many unnecessary kilometres. The next few years will be to make the most of already have driverless cars and networks to new ways of exchanging information, the sensors and electronic networks, are being information compiled from more than 3,000 existing assets, correcting the town planning allowing us not to waste time and petrol winning card. New scenarios are opening transformed into open-air computers. We items ensures proper disposal and helps to errors of the last century and using new looking for a parking space. Many problems up for designers in which architecture not spread awareness among the public. For can be solved by using existing infrastruc- only deals with constructions, it achieves a now it is an experiment, but in many respects tures better, with less asphalt and more dialogue between information technology we are at a historic point very similar to the silicon. and social sciences for the sake of a paradox: cities, covered mid-nineties, when the web began to spread. GOVERNMENTS MUST At first sight, the city of the future will omnipresent but invisible technology that with sensors and Faced with the revolution caused by CREATE NEW PLATFORMS not be much different from the city of today. exists precisely so that we can forget about the crisis between the digital world and the Like the Romans 2,000 years ago, we need it and concentrate on the things that mat- electronic networks, are FOR THE PUBLIC AND physical world where Big Data, or the capac- horizontal planes to move on and windows ter – an easier life, a pleasant environment being transformed into ity to process large quantities of data, is REMOVE OBSTACLES LIMITING to protect us from bad weather. However, and our capacity to construct a rich social open-air computers centralised, administrations feel that they URBAN INNOVATION what is going to change most in the future fabric. n6 n link abertis n JANUARY 2013 January 2013 n Link abertis n 7
  5. 5. reportInternationalisationabertis, new world alisation process, which today leaves it as a 60% of the Ebitda will be produced outside multinational group present in 14 countries. Spain (as opposed to 45% in 2009). 20% The purchase of the This is the result of an internationalisation will come from arteris, abertis’ assets in assets of OHL Brazil process that began years ago and which has Brazil.leader in toll roads intensified over the past three financial is an enormous step years. Intense corporate activity in abertis’s In this period, abertis has focused on abertis continues through a period of internationalisation selective growth and on focusing on busi- intense corporate activity and asset rotation process, which todayAfter the purchase of OHL’s assets in Brazil and Chile, abertis will come nesses in which the Group can develop its in which it has managed to achieve world leaves it as a business vocation and give greater value to leadership in toll road management andto manage more than 7,300 kilometres of toll roads in Brazil and Chile multinational group shareholders. In just three years, abertis greater international diversification of itsText AND photos abertis has doubled the number of concessions it asset base –which will mean that in 2013 present in 14 countries manages (32 in 2013) and the number of the Group will produce more than 60% of kilometres it manages, which has grown its Ebitda outside Spain. abertis’ presence 2012 will go down in history as the true transformational operation of the group cial indicators to be improved and will main- from 3,750 in 2009 to the more than 7,300 in the country with the takeover of OHL year when abertis became the lead- giving a considerable drive to its internation- tain its strength and financial solvency. with which it starts the New Year. abertis Brazil will undoubtedly enable it to createing group in the world in the toll road conces- alisation process, new international partners therefore reduces its overexposure to certain a leading platform for bringing in futuresions sector, managing more than 7,300 and renewed shareholding. The operation, Drive to internationalisation weakend markets such as the European in growth opportunities in the region. The The Fluminense toll road connects the states of Río dekilometres. The purchase of 60% of OHL completed under the Group’s strict invest- The purchase of the assets of OHL Brazil is general, and the Spanish in particular. It has company’s entry in Brazil also consolidates Janeiro and Espírito Santo withBrazil –since December, called arteris– is a ment criteria, will enable abertis’ main finan- an enormous step in abertis’ internation- been estimated that in 2013 more than abertis’ position in the American continent, that of Ponte Rio-Niterói.8 n link abertis n JANUARY 2013 JANUARY 2013 n Link abertis n 9
  6. 6. The concession holders In addition, the new toll roads incorporated The abertis network in Brazil dependent on the state of into abertis’ portfolio will make it possible São Paulo have concession to extend the average life of its assets, as they periods ending in 2028. Belo Horizonte are contracts lasting, on average, to 2029; that is, 16 years. Franca Description of the arteris assets Ribeirão Preto The assets forming abertis are 3.226 toll road concessions in Brazil, with a total 3,226 Sao Carlos Araras kilometres. They are located in the states of São Paulo, Minas Gerais, Rio de Janeiro, Santa Catarina and Paraná, with four concession Sao Paulo Rio de Janeiro holders dependent on the state of São Paulo: Autovias, Centrovias, Intervias and Vianorte; and five concession holders dependent on the Federal network: Autopista Fernão Dias, B ra z i l Curitiba Autopista Regis Bittencourt, Autopista Lito- ral Sul, Autopista Planalto Sul and Autopista Fluminense.The concession holders depend- São Paulo State Federal Network network n A. Fluminense ent on the state of São Paulo have concession n A. Fernão Dias n Dual carriageways periods ending in 2028. The Federal conces- n Central freeways n A. Régis Bittencourt sion holders reach the end of their conces- n Intercity freeways n A. Litoral Sul sions in 2033. This is a solid toll road portfo- Florianópolis n Vianorte n A. Planalto Sul lio that incorporates a balanced series of concessions and improves the average life of the abertis which it is already present with businesses Structure of the operation OHL becomes an important shareholder in strengthening the company’s balance sheetin the United States, Mexico, Jamaica, The operation was structured in two stages. abertis, controlling 15% of its capital. As a Strategic objective: to carry on growing Abertis’ main strategic and financial position; integrating the assetsColombia, Bolivia,Argentina and Chile, where At the first stage, abertis acquired 100% of result of the change of control in Brazil, the abertis’ growth does not end here. World acquired in Brazil and Chile and optimising objective continuesit is already the largest concession holder Partícipes de Brasil and, in exchange, OHL operation involves the formulation of a leader in the toll road concession sector, both its portfolio. For abertis, the principal stra-in the country. Today, 60% of the more than received 10% of abertis’ shares which the takeover bid for all the ordinary shares in in terms of the number of kilometres man- to be growth under tegic goal will continue to be growth, always7,300 kilometres of toll roads managed by company had in its own portfolio and 11 circulation of OHL Brasil, which is currently aged in the world (more than 7,300) and for strict profitability under strict criteria of profitability and withabertis in the world are in Latin America. million euros in cash. abertis also assumed in progress and involves the same structure income (approximately 5,100 million euros), criteria and with a special interest placed on international mar- liabilities with regard to Partícipes for a total conditions and price as those accepted by abertis is now better prepared than ever to kets in the sector of toll roads such as the special interest inNew partners and shareholders value of 504 million euros. At the second OHL in concluding the operation. abertis face new challenges. In the next few months, United States and Mexico, stable economiesThe operation also supposes an outstanding stage, abertis has transferred 49% of Partíc- will not issue new shares in relation to the the Group is setting itself the target of con- international markets with legal security, clear concession frame-change in the structure of the shareholding ipes to Brookfield, as well as 49% of the handover of shares associated with the tinuing its far-reaching quest for efficiencies works and broad experience in the area ofwith the entry of the OHL group, which with liabilities, and abertis has received 362 mil- takeover bid. in opex and capex in all its businesses; public-private collaboration. n15% of the shares has now become abertis’ lion euros from Brookfield in cash and sharesreference shareholder and increases the representing the 0.8% of abertis share capi- Financial impactcomplementary nature of the present share- tal that Brookfield had previously acquired. From the financial viewpoint, this operationholders of the Group. Therefore the principal This percentage will remain as abertis shares has a clear and positive impact on the group’s abertis and Brookfield create a brand in Brazilshareholder, La Caixa (26%), and CVC in the in the company’s own portfolio. income statement. The arteris concessionsbackground (15%) are complemented by After the operation, abertis and Brook- will be consolidated overall in the abertis The new arteris brand is inspired by the new arteris trademark has been imagotype in the corporate name.the OHL building group (15%), which will field control 51% and 49% respectively of accounts, that is, the whole of the balance the meaning of the “artery” concept developed, adding two inspirational This clearly recalls the universal iconbring in its experience in the sector of con- Partícipes de Brasil, which, in turn, holds 60% and income statement will be integrated. as the main feature of the aspects: the universal symbol for a for toll road, although reinterpretedcessions in Latin America. Furthermore, the of the Brazilian quoted company. For its part, abertis thus expects to bring in approxi- composition of its logo. Artery as a motorway or toll road and the Brazilian and updated.Group’s self portfolio falls from 10% to mately 900 million Euros in income and 470 route for communication and for flag: elements intensifying the The result is a modern, attractive,0.8%, opening the door to potential share million of Ebitda. The new abertis will thus transporting goods and people. perception of the signs of identity and friendly, integrating trademarkrepurchases. Furthermore, abertis has exceed 5,100 million of income and 3,100 Artery as a support for connecting their corporate representativeness. whose design and compositionstarted an alliance with the Canadian Brook- Arteris’ concessions million of operating profit and will be con- cities, business and services. On one hand, arteris brings together includes the signs of identity andfield fund. It is an association that has made solidated as the world leader both in the Artery as an infrastructure serving the management of nine toll road corporate values of abertis andthe operation more attractive as, firstly, it will be globally number of kilometres managed and in income. mobility. Artery as a space facilitating concession holders, so it carries its Brookfield, based on redefinition andhas meant greater diversification of risk and consolidated in abertis’ At the same time, abertis will consider- the transport of aspects that are vital universal iconography implicitly in its updating and evolving their visualbetter finance for the operation and, sec- accounts, which means ably strengthen its balance sheet with the and fundamental for economic and DNA. Because of this, the corporate identity towards new commonondly, it has incorporated a top-class finan- its whole balance sheet increase in assets and the reduction in lever- social development and for name of the brand emerges from its features, generating a new languagecial partner into the project with a very good age ratios. By incorporating assets with less value generation. symbol. The letter “r” of the word within the architectural map of theknowledge of Brazil, as it has been present and profit and loss debt and better leverage ratios, the net debt/ Based on this main idea, the visual arteris leads to this symbology which, Group’s trademarks whilethere for more than a century, investing account will be Ebitda ratio will be reduced to a level of 4.7X, image of the system of architecture of when developed, generates the maintaining its fundamental values. nmore than 18 billion dollars in the country. integrated which is 22% lower than it was 3 years ago.10 n link abertis n JANUARY 2013 JANUARY 2013 n Link abertis n 11
  7. 7. reportBrazil opens its doorsto the private sectorIn August, the President of Brazil, Dilma Rousseff, announced the beginningof an ambitious infrastructure plan involving the private sectorText and photos abertis It is a huge economic stimulation plan The project immediately received a which will continue to lead investment worth 70 billion dollars, intended to warm welcome from the private sector, which policy. As well as establishing the founda-expand the country’s road and rail network considers it an important boost for modern- tions to drive sustained medium/long-termduring the next 25 years. Specifically, the ising the country. According to the CEO of growth, in the short term the President ofnew Integrated National Logistics Plan abertis, Francisco Reynés, “Brazil has the Brazil is seeking to maintain an economyincludes the construction, widening and foundations for a long-term commitment. that has expanded at an average of moremodernisation of almost 7,500 kilometres It is a country with great potential and an than 4% in the last few years, making it theof roads and 10,000 kilometres of railways, important commitment.”Aware of the chal- sixth biggest world power. For Spanish com-as well as the first high-speed train in Latin lenges facing her country over the next few panies, including abertis, the new infra-America which will link São Paulo and Río years, Dilma Rousseff intends once again to structure plan offers an interesting business “The plan will help the country to be Brazil prepares forde Janeiro. The aim of the ambitious plan is rely on the private sector, after its loss of opportunity. richer, more solid, more modern and more its future projects. The Brazilian For the 2014 Worldto attract more than 66,000 million dollars importance over the past decade, and to competitive. The challenge is to provide Cup it is renewingin investment to provide Brazil with better commit herself to a business initiative that Measures to boost the economy government’s new Brazil with an infrastructure compatible the historicfacilities before the staging of the two big is crucial for the success of the plan. Rousseff Dilma Rousseff has complemented the great infrastructure plan with its size,” says the Brazilian President. Maracaná.sporting events that will be held in the coun- is committed to a public-private cooperation investment in infrastructures with new for- offers an interesting “It is not a programme so that the invest-try in 2014 and 2016: the Football World (PPC) that will benefit the country by con- mulas to promote production, consumption new business ments can be diluted in 15 or 20 years,” addsCup and the Summer Olympics.“To continue solidating its expansion in the future and and employment through new incentives. Rousseff, who has also set herself the targetto be a fair country, Brazil must have an increasing its competitiveness, allowing it to In September, the capital of the country, opportunity for abertis of reducing transport and energy costs. panies’ interest in Brazil is growing. Theincreasingly competitive economy, with play in the economic Premier League. Brasilia, announced the elimination of the Brazilian government itself recently encour-good infrastructures,” said its President, And all this without forgetting the payment of company taxes for 25 produc- Spanish interest aged countries with an international profile,Dilma Rousseff, in August. investment effort made by the Government, tive sectors, a measure that will cost 6,500 cessions offering the private sector attrac- While they wait to find out the small print including abertis, to participate in the new dollars a year and which will come into force tive conditions without ignoring the social of the new infrastructure plan, Spanish com- infrastructure mega-plan. n in 2013. In exchange, businesses will pay a aspect upheld by Dilma Rousseff. lower tax on their income. Despite the impact of the world crisis and the growth Phases of the plan GNP per head in US dollars (base 100 = 1980) of the population’s indebtedness, Rousseff’s In its first stage, the strategy to boost the government predicts a growth in GNP of development of infrastructures includes plans Brazil Spain USA Argentina more than 4% for 2013. to double the capacity of the main toll roads, 1,200 The economic circles, businesses and the construction of sections of railway and 1,000 principal trade unions have given a positive road and railway concessions. The second welcome to the most ambitious privatisa- phase will include a huge project still to be 800 tion programme launched since 2003 and defined concerning ports, according to the 600 they hope it will make it possible to double Minister of Transport Paulo Passos. The plan 400 President Dilma national investment, as well as bringing in will be managed by a new public company Rousseff relates foreign investment. The experts approve the the Logistic Planning Company, in charge of 200 competitiveness change in model in terms of cooperation integrating the projects and supervising the 0 to big investment in with the private sector and they look favour- works. Finance will be channelled through the 1980 1984 1988 1992 1996 2000 2004 2008 2012 infrastructures. ably on the creation of a framework of con- Brazilian National Development Bank (BNDES).12 n link abertis n January 2013 January 2013 n Link abertis n 13
  8. 8. reportInternational presenceThe role of infrastructuresin a global worldIn Brazil, the president of abertis, Salvador Alemany, backed the investment effortbeing planned by the Brazilian government concerning the new infrastructures planText and photos abertis In a world where information tech- nologies and infrastructures largelycancel out the concept of “distance”, eco- Economy Night The CEO of abertis, Francisco Reynés,nomic policies require increasing interna- receives thetional coordination. This is one of the thesesupheld by the president of abertis, SalvadorAlemany in the lecture. Investing in Infra- abertis receives award from the honorary president of La Caixa, Ricardo Fornesa. an award for the beststructures in a connected world, organisedby the IESE business school last Novemberin São Paulo. The meeting was also attendedby Sergio Aranda, managing director in LatinAmerica of Gas Natural Fenosa; PauloRicardo Stark, president and CEO of SiemensBrazil, and the moderator of the event, Edu-ardo Martínez Abascal, lecturer at the IESE operation of the yearBusiness School. The company received the reward from the newspaper ‘elEconomista’ Beyond its direct impact in terms of for the operation to purchase OHL’s toll roads in Brazil, which has madeinvestment, the president of abertis stressed abertis the world leader in the toll roads sectorthat the important thing about infrastruc-tures “are its results in terms of territorial Text and photos abertisredistribution of wealth” because it facilitatesthe establishment and generation of eco-nomic activity around the big road corridors, The CEO of abertis, Francisco Reynés, Autonomous Community of Madrid, Igna- business innovation programme over the The president of abertis, Salvador Alemany,as well as linking and articulating the interior during the lecture given in Brazil. received the award for best operation cio González , and the Secretary of State for Internet; Áreas, winner of the award forof a country with the big metropolitan areas, of the year from the honorary president of Trade, Jaime García-Legaz, as well as about Internationalisation for its commitment tostrongly boosting attractiveness and growth. La Caixa, Ricardo Fornesa. As part of the 400 business people. the foreign market, with growth in airportsMeanwhile, he added that “investments in Economy Night gala organised by elEcono- The other award-winning companies and toll roads in the United States and,infrastructures show two characteristics that based infrastructures over the next few years. constant in the provision of basic, regulated mista last November, abertis received the were the Integralia Foundation, receiving finally, the Award for Economic Personalitydifferentiate them from other assets: they In this context, the president of abertis services, such as water, energy, sewerage and award for Best Business Operation of the the Award for the Best Corporate Social of the Year, which went to María Doloresrequire a long-term vision concerning plan- warned of the importance of establishing a certain road infrastructures. Year in recognition of the operation led by Responsibility (CSR) Initiative for its con- Dancausa, CEO of Bankinter, for her profes-ning and finance and, once implemented, clear strategy “that allows us to fill the so- According to the president of abertis, the company in Brazil, which has culminated tribution to the development of economic sional career developed entirely in thethey cannot be delocated. called infrastructure gap; that is, the distance the necessary conditions for the Administra- in the purchase of OHL’s toll roads in that activity while helping deprived sectors; the finance and insurance sector in Spain. between infrastructure needs and public tion to commit itself to PPC are the avail- country. The evening rewarded professional National Distance Learning University The awards were presented at the Caix-Public-private cooperation administrations’ capacity to drive them for- ability of a legal framework making it pos- recognition, prestige, support and promotion (UNED), winner of the Award for the Best aForum auditorium in Paseo del Prado, Madrid.In his lecture in São Paulo, Salvador Alemany ward, finance them and manage them. We sible, an infrastructures policy designed in of the economic activity generated by the Educational Initiative for its work in sup- The official presentation and welcome speechrecalled the great investment effort being will have to think about how to make them the long term, a complete methodology for Spanish business sector. Presiding over the porting the social and employment integra- at the event were made by the chairman ofconsidered by the government of President possible financially without calling into ques- selecting and prioritising the projects to be ceremony was the Minister of Finance and tion of disabled people; Geeksphone, winner Editorial Ecoprensa (publisher of elEcono-Dilma Rousseff, which is planning an invest- tion attention to other public needs”. This developed and, finally, a payment-for-use Competitiveness, Luis de Guindos, and was of the Award for Digital Innovation for its mista), Alfonso de Salas, and the honoraryment of more than 65 billion dollars in land- makes public-private collaboration (PPC) a financial model applied equally. n attended by the Prime Minister of the originality and courage in carrying out a president of La Caixa, Ricardo Fornesa. n14 n link abertis n JANUARY 2013 JANUARY 2013 n Link abertis n 15
  9. 9. interviewChairman of the ABCRMoacyr Duarte«Road concessionsin Brazil areconsolidated»The chairman of the Brazilian Association of Road Concession Holders (ABCR)analyses the current situation in the management of the Brazilian road networkText abertis | photos ABCR Moacyr Duarte is chairman of the opposition of certain sectors with precon- Profile Brazilian Association of Road Conces- ceived ideas against them. Moacyr Duarte Servilha is asion Holders (ABCR), an organisation bring- n n n graduate in Law from the Facultying together 45 concessions which, in total, How do you analyse the concession sec- of Law at the University of Sãomanage and conserve more than 15,000 tor in Brazil? Is it now a mature, consoli- Paulo in 1962.kilometres of roads. Duarte sees the conces- dated business? He worked at the Camargosions as a mature, consolidated sector which After almost 20 years, road concessions in Corrêa group, where he occupiedhas been crucial in the modernisation of the Brazil are consolidated and characterised various posts. He was a membercountry’s infrastructures and economy. As by the making of big investments, as well of the Board of Directors ofwell as opening the door to the participation as the implementation of new technologies Banco Geral do Comércio.of international operators, such as abertis, to make the operation, safety and main- Between 1991 and 1995 hein Brazil, he defends the role of private com- tenance of the roads more effective. In worked in Portugal, at Bentopanies, like those grouped together in ABCR, 1993, the Brazilian Federal Road Concession Pedroso Construçoesin the provision of public services despite the Programme (PROCOFE in its Portuguese (Odebrecht), where he took part abbreviation) was launched. The first con- in the tender for the River Tagus tract, for the Río-Niterói bridge, was signed Bridge concession. in December 1994. The charging of tolls He currently carries out legal began in August 1996 on the Río-Niterói consultancy activities and chairs ABCR was set up in bridge and the Presidente Dutra road link- the Brazilian Association of Road 1996 with 7 members ing the cities of São Paulo and Rio de Concession Holders (ABCR). and it now has 55 Janeiro. State programmes were established operating 15,473 after 1997. ABCR was set up in June 1996 with 7 members and it now has 55 operat- kilometres of roads, ing 15,473 kilometres of federal, state and 7.2% of the surfaced municipal roads, 7.2% of the surfaced Bra- Brazilian network” zilian network.16 n LINK abertis n January 2013
  10. 10. n n n This procedure would require the gov- n n n THE RESISTANCEThe Brazilian government recently ernment to carry out a very high quality What are the outstanding advances in TO CHARGING TOLLSannounced that it intended to grant other viability study, with a proper traffic projection the history of the concession sector in IN BRAZIL IS SIMILARroad concessions. How do you assess and a realistic estimate of the investment Brazil?this new process? and operation costs. The viability studies Firstly, we must highlight the improvement TO THAT IN OTHERConsidering the need to improve the coun- already published for the first two batches in the quality of the roads, which is trans- COUNTRIES, LARGELYtry’s road infrastructure and the good results of concessions, including stretches of the lated into benefits in operating costs, THOSE WHEREachieved until now with the concessions, for BR-040 roads between Brasilia and Juiz de especially for freight transport firms, and CONCESSIONS AREABCR the Federal Government’s decision Fora and the BR-116 in the state of Minas better safety and comfort for users in gen- MADE IN ORDER TOannounced in August to grant another 7,500 Gerais, do not show this level of quality and eral. From the beginning of the concessions RECOVER, WIDEN,kilometres of roads to private initiative is very have been called into question by the inter- to August 2012, 3,381 kilometres of surfacedpositive. The sections are grouped into nine ested parties. roads have been constructed on the routes MAINTAIN AND OPERATEbatches, seven of which are at the initial subject to concessions. 694,000 square existing roads”viability study phase, with the other two at metres of new bridges and viaducts havemore advanced phases. THE CONCESSION been constructed and approximately 3.9 Generally, the issues being raised are HOLDERS HAVE million square metres of these structuresmainly related to the criteria announced IMPROVED THE QUALITY have been recovered. As for the safety meas-concerning the form of the tender process: OF THE ROADS, WHICH ures taken, the concession holders havewithout prior classification of the interested TRANSLATES INTO installed 1.8 million metres of cement bar-parties and without technical or commercial OPERATING COST riers as well as 3.7 million metres of metal bases), with 503 light and heavy tow trucksbids. Once again, so-called phase inversion railings. To September this year, 2,272 cam- and 378 to be used, in which only the documents BENEFITS FOR eras, 6,501 SOS posts and 3,337 fixed and While before roads were largely operatedof the tenderer who presents the lowest bid TRANSPORT COMPANIES mobile radars had been installed on roads based on information obtained by radio, forwithin the time limit established by the gov- AND GREATER SAFETY under concessions. Concession holders have example, information is now transmitted inernment are opened. FOR USERS” built and operate 320 SAU (customer care real time using high-quality images digitally recorded by monitoring cameras installed on the road network. This is due to the fact that the sector is investing in complex and latest- generation technologies allowing Operations Control Centres (OCCs) to continually super- vise the roads. The survey carried out annually by the National Transport Confederation (CNT, further information on its website: www. or from the organisation itself) noted that the private concession roads obtain a much higher rating that those oper- ated by public bodies, which confirms the success of the concession programme: the 21 best Brazilian roads are in the hands of private initiatives. Concerning institutional advances, after the start of the Federal Road Programme,Act 8,987, dated 1995, was promulgated, estab- resolved in favour of the concession holders. n n n lishing the so-called Concession Act establish- Agencies were also established to regulate Is there any kind of resistance to the road ing the respective legal framework. Among and oversee the Road Concession Pro- concession model in Brazil? other points, this law established that in Bra- grammes, such as the federal programme The resistance to charging tolls is similar to zil the price tariff criterion would be used, in 2000 (ANTT) and the São Paulo State that in other countries, largely those where, instead of the cost one used until then, with one (Artesp) in 2002. Agencies were set up as in Brazil, concessions are made in order which the concession holder accepts the in other states, some of them not specifically to recover, widen, maintain and operate business risk. In the case of roads, this cor- in the area of transport. existing roads. From time to time the well- responds to traffic risks, investment and n n n known arguments that the toll is double operating costs, as well as securing the nec- How do you assess the security of con- taxation or that the users are paying for the essary finance and its respective cost. tracts in Brazil? What have been the road again crop up, as if roads lasted forever With the implementation of the Road advances in this sense? and didn’t need improvements. Despite the Concessions Programme, various legal The High Courts (Federal Supreme Court fact that the surveys carried out among challenges were made over issues such and High Court of Justice) have ensured users indicate a high level of satisfaction as the charging of a toll on a road with a compliance with contracts through case with the services provided, when asked spe- single carriageway in each direction and the law that has become consolidated over the cifically about the amounts paid in tolls, the need for an alternative route. These were past 10 years. majority answer that they consider them18 n LINK abertis n January 2013 January 2013 n LINK abertis n 19