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

  • Interest strong for Colombia key tunnel project
    January 22, 2019
    Interest is strong in the project to complete Colombia’s key tunnel construction contract. In all 23 firms have shown interest in the package of works to complete the La Linea tunnel project, according to the Colombian national road institute (Invias). The Colombian Government is providing US$204.5 million to complete the project. The current target is for the tunnel to be completed by 2020, although the link was originally supposed to be ready for traffic in late 2016. Construction work on the link commenc
    Read More
  • Peru’s Oyón -Ambo Highway presents challenges
    August 30, 2022
    Peru’s Oyón-Ambo highway project represents a landmark in construction for the country, while facing significant technical challenges – Paula Chapple, editor of Carreteras Pan-Americana (CPA), writes
    Read More
  • Delays have hit the Czech Blanka Tunnel
    December 12, 2013
    Further delays are adding to the sorry tale of woe surrounding the construction of the Blanka Tunnel project in the Czech Republic. The tunnel was supposed to improve connectivity and reduce traffic congestion in Czech capital Prague. However following a series of disagreements over the work being carried out as well as the spiralling cost, financing, legal problems and various technical issues, the construction of the tunnel has finally ground to a halt. Czech construction firm Metrostav has said that it w
    Read More
  • EU road safety – slight gains
    September 21, 2018
    A slow improvement is being seen on Europe’s roads in terms of safety. In 2017, 25,250 people were killed in road crashes in the EU. This represents a 2% reduction from the road death rate for the EU in 2016. However there is concern that progress with road safety is too slow as the road death rate for the EU has fallen by only 3% in the last four years. Of the 32 countries monitored by the PIN Programme, 22 reduced road deaths in 2017 . The best results were achieved by Estonia with a 32% decrease
    Read More

Highlighted Content