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

  • Morocco looks to expand road network and also improve safety
    November 28, 2012
    Morocco’s Transport and Infrastructure Ministry has plans in hand to expand the country’s road network in a bid to boost the economy. Safety improvements will also ensure that the road network is safer, with Morocco instituting new road safety policies. Estimates suggest that up to 45,000km of roads and as well as 208 bridges will be required to provide access to the country’s rural areas. Extending the road network would cost up to US$5.8 billion, according to a study carried out for the Transport and Infr
    Read More
  • Growth expected for US construction market
    December 6, 2018
    A new report from the American Road & Transportation Builders Association (ARTBA) predicts growth for the US construction market in 2019. The US transportation infrastructure market is expected to grow 4.2% in 2019, according to ARTBA’s annual economic forecast.
    Read More
  • Transport plan for Melbourne
    February 29, 2012
    Australian city Melbourne could benefit from revitalised transport links over the next three decades if proposals are put into action.
    Read More
  • Norway construction sector set to continue its expansion
    August 12, 2015
    Norway’s construction industry will continue to expand for five years, with investment in transport infrastructure continuing to drive growth, according to a recent report. The government’s fourth National Transport Plan 2014–2023 calls for a series of new infrastructure projects worth around US$86.5 billion. Nearly 1,300km of new trunk roads and 380km of four-lane motorway will be opened, as noted by the Norwegian Ministry of Transport and Communications The overall construction industry’s output va
    Read More

Highlighted Content