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

  • Morocco's road programme boosts economy
    February 9, 2012
    A major road programme instigated by King Mohammed VI of Morocco is helping to boost the country's economy and modernise infrastructure. This forms part of a plan to boost tourism, a key part of the country's income from 8 - 10 million. There were less than 300km of motorways existing when King Mohammed VI inherited the throne from his father in July 1999. Since then, the figure has increased to over 1,000km and this is set to almost double in the next five years. A hugely significant highway programme was
    Read More
  • Let’s Boogie in a new tunnel
    July 7, 2020
    The new Victory Boogie Woogie Tunnel will be the most sustainable tunnel in the Netherlands.
    Read More
  • Colombia road project targets may not be met
    October 10, 2017
    The ambitious road development programme set out by the Colombian Government may not meet all of its targets. The National Development Plan of 2014-2018 has set out plans for the completion of key road and highway connections, including several bridge and tunnel links. However, Colombia's National Infrastructure Agency (ANI) has so far attained 50% of the targets set out in its road development programme for the period.
    Read More
  • Romanian road tender open
    March 1, 2012
    The tender process is opening in Romania for the new Cernavoda-Medgidia highway.
    Read More

Highlighted Content