Chile requires transport investment

Chilean construction organisation CChC has published a study saying the country needs to spend some US$12.5 billion on road upgrades and construction over the next 10 years. This is because the country’s vehicle numbers are increasing, according to Business News Americas. The report says that Chile needs to expand its road network by 12,500km to 90,000km by 2023 to keep pace with the growing volume of traffic. Some 4,000km of the proposed new road should be highway or toll road, according to the study. To r
May 13, 2014 Read time: 1 min
Chilean construction organisation CChC has published a study saying the country needs to spend some US$12.5 billion on road upgrades and construction over the next 10 years. This is because the country’s vehicle numbers are increasing, according to Business News Americas. The report says that Chile needs to expand its road network by 12,500km to 90,000km by 2023 to keep pace with the growing volume of traffic. Some 4,000km of the proposed new road should be highway or toll road, according to the study. To reduce congestion however, the study says that Chile would have to double the size of its road network to 155,000km. The country’s vehicle fleet is expected to grow from 3.9 million in 2013 to 4.5 million by 2023.
Road Structures Finance & Funding

Related Content

  • Peru highway concessions face lengthy delays
    January 12, 2015
    Red tape and bureaucracy are to blame for delays to Peru’s highway concessions. Infrastructure association Afin cites these as the reasons the majority of Peru’s highway concessions have been held up, by as much as 10 years in certain instances. Business News Americas reports that so far, only 15% of Peru's 78,000km road network, around 12,445km, is paved according to Afin. The country has a particular need to revamp three major highways according to Afin: the 2,600km Pan- American highway, the 3,500km And
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More
  • Major plans for Chilean infrastructure development
    March 14, 2014
    A major plan for infrastructure is being put forward for Chile. Chile's Construction chamber (CChC) has presented a plan for some US$40 billion in infrastructure improvements to the new Chilean Government. The CChC has highlighted the concession model as being the most effective tool for encouraging private investment in infrastructure. The CChC suggests that Chile has a critical need for infrastructure development, but a serious shortfall of public funds according to a report by Business News Americas. Roa
    Read More
  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More

Highlighted Content