Skanska has won a concession contract worth SEK2.1bn ($300m) for a Public Private Partnerships (PPP) highway in Chile.

Under the contract, the Sweden-based company is expected to design, build, operate and maintain a toll road in Chile.

The $250m design and construction contract includes 120km of new highway and upgrades of about 200km.

Skanska is expected to implement and finance the project as well as operate the highway for 20 years.

The construction of the road is scheduled to begin in June 2010 and open in December 2012.