Key road projects in Venezuela have stalled

A series of key road projects in Venezuela have fallen victim to the country’s overall financial paralysis, a result of its plummeting economy and its disastrous political climate. Insufficient finances have seen work to construct the La Verota-Kempis, Circunvalacion Sur-Caracas and Caracas-La Guaira highways now being stalled for two years.
September 15, 2017 Read time: 2 mins

A series of key road projects in Venezuela have fallen victim to the country’s overall financial paralysis, a result of its plummeting economy and its disastrous political climate. Insufficient finances have seen work to construct the La Verota-Kempis, Circunvalacion Sur-Caracas and Caracas-La Guaira highways now being stalled for two years. Although these projects were deemed priorities to develop transport in the capital Caracas and the immediate area around the city, Venezuela’s financial crisis has resulted in the delays. Although the Ministry of Transport hopes to be able to restart construction, it is not clear where the necessary financing will be sourced from. Construction work has only been carried out on a 4.4km section of the 36km La Verota-Kempis highway that will connect Barlovento to Los Valles del Tuy so far. Some earthmoving work has been carried out for the the 32km Circunvalacion Sur-Caracas highway that will connect La Rinconada with Caricuao. The construction of this section of highway will be complex as it will feature 13 tunnel sections as well as eight viaducts. Although Portuguese contractor Teixeira Duarte won the tender to build a 7km link between Cota Mil and Caracas-La Guaira, work is also stalled on the project.

Road Structures Finance & Funding

Related Content

  • Costa Rica road project facing delays?
    May 2, 2019
    A major road project in Costa Rica is now facing delays. The widening project for Route 32 is being carried out by the Chinese contractor China Harbour Engineering Company (CHEC). However the land required for a significant portion of the project has not yet been secured by Costa Rica’s Ministry for Public Works and Transportation (MOPT). It is not now clear whether the road widening work will be completed within the intended schedule. So far just 10% of the work required for the whole project has so fa
    Read More
  • Chilean project re-tendering
    April 26, 2012
    The Chilean authorities have had to re-launch the tender process for the 187km La Serena – Vallenar highway project. A consortium, Azvi-Copasa, originally won the tender for the project in 2010 but struggled to find the necessary financing. As a result, Chile's Ministry of Public Works (MOP) has been forced to restart the tendering process and open the project for bidding once more.
    Read More
  • Colombia's roads to recovery
    February 8, 2012
    Colombia's Ministry of Transport is suggesting that the Avenida Longitudinal de Occidente (ALO) road project in Bogota should be carried out by Colombian energy company Empresa de Energia de Bogota (EEB).
    Read More
  • Key road links being built in Algeria
    April 12, 2013
    In Algeria, a series of road projects are underway, as well as in neighbouring Tunisia. A key development in Tunisia is that work is ongoing for an 80km stretch of highway that will connect with Algeria’s East-West Highway. This will further elevate the importance of the East-West highway in Algeria as it already connects with new links in Morocco. The new section in Tunisia will be the next step in this northern route providing connectivity right across North Africa. When the entire 5,600km route is comple
    Read More

Highlighted Content