Valles del Bío Bío is located in the Bío Bío Region of Chile and connects the cities of Concepción and Cabrero. The Concepción area is the second-most populated in Chile and has strong forestry, livestock, and agricultural industries. The concession contract for the 103-kilometer highway was awarded for a maximum of 35 years with variable term. Valles del Bío Bío is controlled by the Spanish company Sacyr.