Chile-Argentina tunnel loan for bidding

Further progress is being made with the Agua Negra Tunnel project, which will connect Chile with Argentina. A loan worth US$40 million is being provided by the Inter-American Development Bank (IADB). This loan will help deliver the bidding process for the project. Several bidders are being pre-qualified for the tender process. Construction of the tunnel itself is expected to take eight ant a half years with the work estimated to cost $1.6 billion. The tunnel will provide a safer and more reliable route than
December 14, 2016 Read time: 2 mins
Further progress is being made with the Agua Negra Tunnel project, which will connect Chile with Argentina. A loan worth US$40 million is being provided by the Inter-American Development Bank (IADB). This loan will help deliver the bidding process for the project. Several bidders are being pre-qualified for the tender process. Construction of the tunnel itself is expected to take eight ant a half years with the work estimated to cost $1.6 billion. The tunnel will provide a safer and more reliable route than is available at present. The existing mountain pass is frequently impassible in winter time and is not suited to heavy vehicles. The existing tunnel is also at high altitude and its portal areas can become blocked in winter, while it also suffers capacity issues. The new Agua Negra Tunnel will boost both traffic capacity and safety between the two countries. Its construction will be challenging however as the planned portal in Argentina in particular is in a remote area with comparatively difficult access, which will make the logistics process rather more complex than would be optimal.
Road Structures Finance & Funding

Related Content

  • Chilean infrastructure projects being planned
    November 20, 2014
    In Chile plans are well in hand for a series of major infrastructure projects, with the work likely to help boost the country’s economy. The Ministry of Public Works in Chile (MOP) has announced that it will speed up the process for key infrastructure construction projects. Those projects involving investments of around US$1.10 billion should be approved by 11th March 2015. The Ministry of Public Works has indicated that three private concession contracts have already been approved, including the dual-carri
    Read More
  • Switzerland’s new tunnel bore being built
    April 19, 2018
    A major new road tunnel project is being constructed in Switzerland – Mike Woof writes Construction work is now underway in Switzerland for the new Belchen Tunnel bore, a project that has resulted from the country’s long-term infrastructure planning. The building of this latest tunnel is important for Switzerland economically as it will deliver an upgraded link for a major transport infrastructure connection. When it is complete, the tunnel will form part of the vital A2 route between Basel, in the north
    Read More
  • Peruvian highway has highest tunnel
    October 2, 2014
    A new tunnel connection is helping boost connectivity in Peru, improving access to remote areas Building the tunnel has been an important project as Peru has an imbalance in population distribution with 54.6% of its inhabitants concentrated in the areas along the Pacific Ocean, while only 32% of the population lives in the Andes highlands and 13.4% in the Amazon tropical jungles. The imbalance is acute given that the tropical jungle areas account for 60% of the country’s national territory. Economic deve
    Read More
  • Sandvik’s Turkish delight at groundbreaking tunnel vision
    May 20, 2014
    Turkey’s longest, and what will be the world’s fourth longest, highway tunnel is being built under Mount Ovit in the northeast of the country. Sandvik Construction is playing a vital role in the construction of the giant new structure, which will enable all-year-round access to what is a relatively remote and often snow-blocked part of Anatolia Having had their freedom of movement blighted for many years by wintertime snow blocking the D925 highway, along with narrower roads and passes, at Mount Ovit, resi
    Read More

Highlighted Content