Major plans for Chilean infrastructure development

A major plan for infrastructure is being put forward for Chile. Chile's Construction chamber (CChC) has presented a plan for some US$40 billion in infrastructure improvements to the new Chilean Government. The CChC has highlighted the concession model as being the most effective tool for encouraging private investment in infrastructure. The CChC suggests that Chile has a critical need for infrastructure development, but a serious shortfall of public funds according to a report by Business News Americas. Roa
March 14, 2014 Read time: 2 mins
A major plan for infrastructure is being put forward for Chile. Chile's Construction chamber (CChC) has presented a plan for some US$40 billion in infrastructure improvements to the new 968 Chilean Government. The CChC has highlighted the concession model as being the most effective tool for encouraging private investment in infrastructure. The CChC suggests that Chile has a critical need for infrastructure development, but a serious shortfall of public funds according to a report by Business News Americas. Road, bridges, tunnels airports and other transport infrastructure such as rail, bus and metro systems have all been highlighted by the CChC. The proposals call for a phased introduction of infrastructure upgrades over a 25-40 year period.

The last Chilean Government set out a programme of infrastructure improvements worth some $7.4 billion, with work now underway on projects including the Chacao Bridge, the Agua Negra Tunnel connection with neighbouring Argentina and a section of the Américo Vespucio Oriente expressway. Work will start on upgrades to capital Santiago’s international airport as well as another section of the Américo Vespucio Oriente expressway. There has been recognition of the need for work to improve rural roads also.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Morocco’s new motorway links are boosting connectivity
    December 16, 2014
    Morocco’s massive motorway construction programme will improve transport connections and boost this North African country’s economy - Mike Woof reports A massive road building programme is transforming Morocco, with new motorways connecting cities and major towns, as well as many new rural roads being built. The Moroccan Government has set an impressive plan for its infrastructure investment that will see even the country’s small and remote villages having proper connections to the main road network. The
    Read More
  • We're here to help
    July 16, 2012
    Formed at the end of the Cold War, the European Bank for Reconstruction and Development has raised, and loaned, billions to revitalise infrastructure from central Europe to central Asia as Patrick Smith reports One of the highlights of the year for Thomas Maier has been the recent trip to Bratislava, the capital of Slovakia, where history was made. As the Business Group director in charge of the infrastructure sector at the European Bank for Reconstruction and Development (EBRD) he was present when contract
    Read More
  • Developments in tolling technology
    February 27, 2012
    Jason Barnes reviews the last few decades and the future of tolling technology. Tolling and charging technology has evolved significantly over the last three decades and that evolution is perhaps best illustrated by reductions in or complete removal of impedances to physical progress. Once, it was customary for a driver to pull up to a barrier, make some form of cash payment to a human operative in a booth, and then wait for the barrier to be raised before proceeding. Humans were eventually complemented and
    Read More
  • Free flow tolling technology is booming
    April 10, 2013
    Jon Masters reports on the latest moves in the free-flow tolling segment. Free-flow tolling of roads and discrete infrastructure, such as bridges and tunnels, is an area of transportation that appears to be booming. Tolling in general is on the up, often still as a means for funding road projects where public sector budgets can no longer cover the necessary costs, but not exclusively so. Several high profile examples of road user charging for ‘demand management’ – the reduction of congestion as part of a wi
    Read More

Highlighted Content