Group of banks must approve change in construction



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80% of the work is financed by Santander, Itaú and Scotiabank (former BBVA), among others.

Astaldi's departure from the construction of the Felix Bulnes Hospital is almost a fact. According to several sources consulted, with the arbitration there is a clear signal that the company is outside the project.

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Even among the three names that the concessionaire – where Meridiam exercises control of the board of directors, which are Ferrovial, the San José Group and the local company LD Constructora, a specific name would have already been presented to the consortium of banks that finance the investment. of about US $ 230 million.

It is reported that 80% of this amount is financed by banks, which have to approve a change in construction, if it is determined by the concessionaire.

In this group are Santander, Itaú, Scotiabank (inherited from BBVA), Consorcio and Penta, which in the next few days, probably next week, should give their opinion on the measure.

According to this, with the new builder and given that what remains is marginal to the size of the job, he would look for a different formula of work he had with Astaldi, which was a contract for engineering, construction and equipment purchase.

In this case, one would only seek to manage the force of suppliers who already operate the premises, assuming the dealer the risk of the work.

However, if the change is made, it is taken for granted that the January deadline will not be met to reach the provisional start of the hospital, which triggered the first payment in April.

Near the construction company Astaldi, they say that the plan they presented to the concessionaire would allow the work to be completed, fulfilling this milestone, within the period established by the Ministry of Public Works.

It was verified that the chosen one to follow the works would be the LD Constructora.

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