Abertis has decided to extend until 2067 the validity of its main concession in Mexico, which in 2025 generated 638 million euros, as it communicated this Friday to the National Securities Market Commission (CNMV).
The agreement, of a framework nature, has been closed with the Secretariat of Infrastructure, Communications and Transportation (SICT) of the Mexican Government to launch a program of investments and updating of road infrastructures in the country, through its subsidiary Red de Carreteras de Occidente (RCO), one of the largest highway operators in the territory.
This initiative is integrated into a federal plan, the "Michoacán Plan for Peace and Justice", launched in November 2025 to reinforce security and social and economic development in the state of Michoacán and aligned with the objectives of the "Mexico Plan". With this, it seeks to "modernize infrastructures, improve mobility and road safety, and consolidate long-term collaboration with the Government of Mexico".
Increase in fares and extension of the concession period
Within this framework, the extension of the "FARAC I" concession for approximately 19 additional years is foreseen, which practically doubles the duration of the RCO concession, going from 22 to 41 years, along with an extra increase in tariffs that will be applied during the next four years and will be maintained throughout the entire concession period.
The concession, of 799 kilometers, crosses the central road axis of the country's center-west, linking the main industrial corridor, El Bajío, with the two largest Mexican cities, Mexico City and Guadalajara. "FARAC I" registered revenues of 638 million in 2025 and has been in operation since 2007.
The pact with the SICT contemplates an investment program of approximately 1.2 billion euros in the period 2026-2029, aimed at reinforcing the capacity, safety, and efficiency of the network. These investments will be financed through cash flow and new debt from RCO and are organized into two main lines of action.
More toll plazas and new infrastructure
On the one hand, RCO will undertake low-complexity projects, focused on expanding toll plazas and adding lanes, in order to increase network capacity, streamline traffic, and raise service and safety standards for users. On the other hand, funds will be allocated to the construction, by SICT, of adjacent road infrastructures, in line with the priorities set by the Mexican Executive within the framework of the Michoacán Plan.
This new understanding would represent the third extension of "FARAC I", following those agreed upon in 2014 and 2020. With this operation, Abertis emphasizes that it continues to advance in its "growth strategy as a perpetual operator", extending the life of its assets by prolonging quality concessions and ensuring stable long-term cash flows thanks to selective investment in key and geographically diversified infrastructures.
The CEO of Abertis, José Aljaro, has remarked that "this project consolidates the firm's position in Mexico, one of its strategic markets, and exemplifies its capacity to work hand-in-hand with Public Administrations as a long-term industrial and financial partner, combining investment, service improvement, and value creation in a country where they already manage nearly 900 kilometers of highways".
In this regard, the company recalled that RCO is among the main highway operators in Mexico, where it controls four concessionaires that add up to nearly 900 kilometers in total and which obtained revenues of 722 million euros in 2025.
"Its strategic location between the main poles of the automotive industry, Mexico City and the country's key ports, means that a relevant part of its traffic is closely linked to the evolution of the United States economy," he added.