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

  • Chilean highway project faces questions
    February 14, 2012
    The plans for Chile's new Vespucio Oriente highway are under a question mark at present. The Chilean Construction Chamber (CChC) and the association of concession-holders (COPSA) have raised concerns over the plans by the country's government to press ahead with the construction of the 13km Vespucio Oriente highway in capital Santiago.
    Read More
  • Peru: Paving continues of the Red Vial Nacional national highway network
    January 5, 2016
    The Peruvian Ministry of Transport and Communication has confirmed that by July nearly 20,000km of the Red Vial Nacional national highway network will be paved. The figure means nearly 87% of roads in Peru will be paved. In 2011, around 12,500km of the network was paved, according to a report by America Economia. The ministry also highlighted that regions such as Amazonas and Ayacucho, will have doubled the number of paved kilometres since 2011. Amazonas will rise from 36% in 2011 to 72% this year, wh
    Read More
  • NSW Australia investing in transport
    June 20, 2013
    Australia’s New South Wales (NSW) Government has outlined its massive transportation investment in the WestConnex project. This will be the largest urban transport project in the history of New South Wales. Some A$1.8 billion will be invested over four years from Restart NSW, the state’s new infrastructure fund. to finance the WestConnex project. And A$111 million will be committed in 2013-14 to get work underway on the 33km motorway. The NSW Government will fund the initial sections of the motorway. Privat
    Read More
  • Brazil looks to stage major road construction event
    February 21, 2013
    The upcoming Brazil Road Expo event is capitalising on the country’s strong growth in highway construction. Brazil’s construction machinery market foresees an average growth of 12.5% in 2013, according to a survey of equipment manufacturers and importers released at the end of 2012. The third edition of Brazil Road Expo, the main paving technology and road infrastructure event in the country, is being held from March 19th-21st at the Transamerica Expo Center, in São Paulo. The event will gather some of the
    Read More

Highlighted Content