New Agreement with Mexico Doubles Concession Life of Abertis Subsidiary Red de Carreteras de Occidente

New Agreement with Mexico Doubles Concession Life of Abertis Subsidiary Red de Carreteras de Occidente

(IN BRIEF) Abertis has agreed with the Government of Mexico to extend the FARAC I motorway concession operated by Red de Carreteras de Occidente until 2067, effectively doubling the concession’s remaining life to more than 41 years. The agreement includes a €1.2 billion investment plan between 2026 and 2029 to improve road capacity, safety, toll infrastructure, and traffic flow across one of Mexico’s most important industrial transport corridors. The FARAC I network connects El Bajío with Mexico City and Guadalajara and generated €638 million in revenues in 2025. Abertis said the agreement reinforces its long-term strategy of investing in high-quality infrastructure assets and strengthening partnerships with public administrations in strategic markets.

(PRESS RELEASE) MADRID, 8-May-2026 — /EuropaWire/ — Abertis has reached an agreement with the Government of Mexico to extend the FARAC I motorway concession operated by its subsidiary Red de Carreteras de Occidente (RCO) until 2067, significantly strengthening the group’s long-term presence in one of the country’s most strategic transport corridors. The agreement includes a major infrastructure investment programme valued at approximately €1.2 billion aimed at improving mobility, safety, and road capacity across central-western Mexico.

The infrastructure and mobility operator, jointly owned by ACS and Mundys, said the new agreement with Mexico’s Ministry of Infrastructure, Communications and Transport (SICT) effectively doubles the remaining concession life of FARAC I from around 22 years to more than 41 years. The concession extension forms part of a broader collaboration framework aligned with Mexico’s “Plan Michoacán for Peace and Justice,” launched in late 2025 to support regional development, security, and economic growth in the state of Michoacán.

The FARAC I concession covers approximately 799 kilometres of highways connecting the industrial region of El Bajío with Mexico City and Guadalajara, two of the country’s largest urban and economic centres. The corridor is considered one of Mexico’s most important transport and logistics routes, supporting industrial activity, trade flows, and connectivity between manufacturing hubs and major ports.

According to Abertis, the agreement also includes an additional tariff increase to be introduced progressively over the next four years and maintained for the remainder of the concession period. FARAC I generated revenues of approximately €638 million during 2025 and has been operating under concession since 2007.

The €1.2 billion investment plan will be implemented between 2026 and 2029 and financed through RCO’s own cash flow and debt financing. The programme includes projects aimed at expanding toll plazas, adding traffic lanes, increasing network capacity, improving traffic flow, and enhancing road safety and service quality for users.

Part of the investment will also support the construction of adjacent infrastructure projects carried out by Mexico’s transport authorities in line with national infrastructure priorities established under Plan Michoacán. The agreement represents the third extension of the FARAC I concession following previous renewals completed in 2014 and 2020.

José Aljaro, Chief Executive Officer of Abertis, said the agreement demonstrates the company’s ability to work alongside public administrations as a long-term industrial and financial partner while combining infrastructure investment with service improvements and sustainable value creation. He described Mexico as one of Abertis’ key strategic markets and emphasized the company’s ongoing commitment to the country’s infrastructure sector.

Red de Carreteras de Occidente is one of Mexico’s largest motorway operators and manages four concession companies covering close to 900 kilometres of highways. The network generated total revenues of approximately €722 million in 2025 and supports major industrial and logistics activity between Mexico City, manufacturing regions, and strategic ports. Traffic volumes on the network remain closely linked to economic developments in the United States due to the importance of automotive and industrial supply chains connected to the corridor.

Since acquiring RCO in 2020, Abertis has continued investing in the Mexican market while focusing on long-term partnerships with public authorities and infrastructure projects aimed at supporting regional economic development, mobility, and employment.

Media contact:
abertis@abertis.com

SOURCE: Abertis