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

  • Peru: Paving continues of the Red Vial Nacional national highway network
    January 5, 2016
    The Peruvian Ministry of Transport and Communication has confirmed that by July nearly 20,000km of the Red Vial Nacional national highway network will be paved. The figure means nearly 87% of roads in Peru will be paved. In 2011, around 12,500km of the network was paved, according to a report by America Economia. The ministry also highlighted that regions such as Amazonas and Ayacucho, will have doubled the number of paved kilometres since 2011. Amazonas will rise from 36% in 2011 to 72% this year, wh
    Read More
  • Chilean transport infrastructure works planned
    February 16, 2023
    Chile is planning a series of transport infrastructure works.
    Read More
  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • Tenders received for Mersey Gateway project
    April 10, 2013
    Tenders have now been received for the Mersey Gateway Project from all three shortlisted bidders competing to deliver the project on behalf of Halton Borough Council. The full and final tenders were delivered to the project’s offices overlooking the River Mersey ahead of the deadline. The project team and its expert advisors will now spend the next few weeks assessing the three bids. The bidding teams have spent the last 18 months working on their plans to become Halton Borough Council’s private sector par
    Read More

Highlighted Content