Chile struggles to meet US$1.5 billion goal for tendering in 2106

The Chilean government reached its goal of tendering infrastructure projects worth US$1.1 billion in 2015, its first year in power, but will likely miss its 2016 target of $1.5 billion by next month. This has been unofficially confirmed by the Ministry of Public Works, which has stated that it will not be possible to announce new tenders over the coming weeks. The projects with delays include the new Rancagua-Alhue and Santiago-Marga Marga-Quillota roads, as well as the creation of a dual carriageway on the
February 19, 2016 Read time: 2 mins
The Chilean government reached its goal of tendering infrastructure projects worth US$1.1 billion in 2015, its first year in power, but will likely miss its 2016 target of $1.5 billion by next month.

This has been unofficially confirmed by the Ministry of Public Works, which has stated that it will not be possible to announce new tenders over the coming weeks.

The projects with delays include the new Rancagua-Alhue and Santiago-Marga Marga-Quillota roads, as well as the creation of a dual carriageway on the Ruta 5 road between Antofagasta and Iquique.

However, concessions coordinator Eduardo Abedrapo said he is confident that the objective will be met. He said that projects to be put to tender in March include the $500 million Punilla reservoir, the El Melon Tunnel worth around $128 million and the Carriel Sur airport and Nogales-Puchuncavi road, which together total $872 million.

But that leaves the government $628 million short of its $1.5 billion goal.
Finance & Funding

Related Content

  • Growth expected for US construction market
    December 6, 2018
    A new report from the American Road & Transportation Builders Association (ARTBA) predicts growth for the US construction market in 2019. The US transportation infrastructure market is expected to grow 4.2% in 2019, according to ARTBA’s annual economic forecast.
    Read More
  • Consortium Via al Puerto to finish Colombia’s Buga-Buevantura road
    May 24, 2016
    Colombia’s National Infrastructure Agency (ANI) has approved Consorcio Estructura Plural Via al Puerto to build the remaining 26.5km of the Buga-Buenaventura dual carriageway. Construction costs will be just under US$358 million with another $645 million likely needed to maintain and operate the public-private partnership road for 30 years. Works include construction of two tunnels, 12 bridges, 7.5km of cycle lanes, as well as maintenance of 111km of the main road, according to a report by El Pais new
    Read More
  • Birmingham tenders for $1.57 billion contract
    February 21, 2022
    The private finance initiative contract is one of the largest tendered by a local UK government.
    Read More
  • Romania sets aside €1.42 billion for local roads
    July 23, 2021
    Prime minister Florin Cîţu has had discussions with European Commission President Ursula von der Leyen to fund the country's proposed National Recovery and Resilience Plan, NRRP.
    Read More

Highlighted Content