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

  • ARTBA predicts US construction infrastructure growth
    December 3, 2012
    The American Road and Transportation Builders Association’s (ARTBA) annual forecast suggests that the US transportation construction infrastructure market will show modest growth in 2013. According to ARTBA’s forecast, this segment will increase 3% to US$130.5 billion in 2013. The association’s chief economist, Dr Alison Premo Black, said that growth is expected in highway and street pavements, private work for driveways and parking lots and also airport terminal and runway work. But ARTBA predicts the brid
    Read More
  • Construction growth Italy: upwards but slower
    January 31, 2020
    Construction investment in Italy will grow between 2020-2021, albeit at a slower pace than 2019, according updated estimates by the SaMoTer-Prometeia Outlook.
    Read More
  • Colombia’s infrastructure development
    December 2, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • Record attendance for Istanbul’s E&E conference
    June 14, 2012
    The Eurasphalt & Eurobitume 2012 event in Turkey has attracted record attendance figures, although final figures were not available at the time of writing.
    Read More

Highlighted Content