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

  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More
  • Delays on Slovakian projects
    July 9, 2012
    Work on several new highways being built in Slovakia as public-private partnerships (PPPs) will be delayed by six to 12 months. This means that the first sections of the Martin-Presov link will not open before 2011. The last section is expected to be completed in either late 2012 or early 2013.
    Read More
  • Progress with Agua Negra tunnel connecting Argentina and Chile
    October 11, 2016
    Discussions between Argentina and Chile over the new Agua Negra tunnel to connect the two countries are proving fruitful. A bi-national commission is overseeing the project and assessing bids, with the construction work expected to cost in the region of US$1.5 billion. Technical proposals will have to be submitted by February 2017, with economic bids made by May 2017. The winner of the tender could be announced in early 2018, with the first excavation work then commencing in late 2018 or early 2019. This wi
    Read More
  • India's massive highway programme continues
    February 14, 2012
    India's Government is continuing with its huge highway investment programme, with the Indian Road, Transport and Highways Ministry planning to announce US$15.66 billion worth of contracts in the 2011-2012 period.
    Read More

Highlighted Content