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

  • Chilean earthquake presents big infrastructure bill
    February 8, 2012
    Estimates now suggest that repairs to Chile's earthquake damaged infrastructure will cost the country's government in the region of US$1.2 billion. Meanwhile private highway operators are expected to pay an additional $200 million for repairs to links they manage.
    Read More
  • Australia bites the bullet on roads reform
    August 2, 2012
    Predictions of impending doom for Australia's roads infrastructure have given the nation's governments and roads stakeholders the fright they needed to collaborate on roads policy. If the latest initiatives Australia is putting in place do produce the full extent of the roads reform required, there will be some lessons there for the whole world Whether through pride or stubbornness, or a combination of both, each state and territory of Australia has always liked to do things its own way. To some extent and
    Read More
  • Talks held between China and Argentina for infrastructure funding
    December 12, 2013
    Talks have been held in Beijing between Chinese companies and Argentina's Finance and Federal Planning Ministry. Argentina Is keen for Chinese firms to be involved in 15 infrastructure projects worth a total of US$19 billion planned for the South American country. One of the key projects that has been under discussion is that of the Agua Negra Tunnel, which will connect Argentina and Chile through the Andes Mountains. China State Construction Engineering Corporation (CSCEC) is one of several companies inter
    Read More
  • Certified safe: ARTBA president talks future highways and safety
    January 16, 2020
    What keeps Dave Bauer* up at night? David Arminas caught up with the head of ARTBA at his Washington D.C. office during daylight hours
    Read More

Highlighted Content