Chile’s Chacao Bridge project - futuresecured

Chile’s landmark Chacao Bridge project now looks to be back on a sound footing, with completion expected in late 2022 or early 2023. This projects for the 2.6km-long bridge was to have been built jointly by Brazilian firm OAS and South Korean company Hyundai. However OAS hit financial difficulties and had to withdraw from the project. As a result, Hyundai will now buy the 49% stake OAS had in the project. As Hyundai already has a 51% stake in the bridge project, this will give the firm total ownership ove
July 19, 2018 Read time: 2 mins
Chile’s landmark Chacao Bridge project now looks to be back on a sound footing, with completion expected in late 2022 or early 2023.


This projects for the 2.6km-long bridge was to have been built jointly by Brazilian firm 1511 OAS and South Korean company 236 Hyundai. However OAS hit financial difficulties and had to withdraw from the project. As a result, Hyundai will now buy the 49% stake OAS had in the project. As Hyundai already has a 51% stake in the bridge project, this will give the firm total ownership over the works.

The project has been subject to a number of delays and an earlier plan was cancelled at a fairly late stage over cost concerns. The new bridge will be a suspension type structure designed to cope with the often severe earthquakes in the area. It is also being designed and constructed to cope with high winds (of up to 240km/h) and strong sea currents that also occur in the area.

Building the bridge will provide an important transport link to Chiloe Island, providing a key economic boost to the area in terms of tourism and trade. The new bridge will replace the current ferry traffic on which the islanders rely, cutting travel times to just three minutes compared with the 25-45 minutes that the ferry crossing involves.

Finance & Funding

For more information on companies in this article

Related Content

  • Chilean bridge project achieves resolution
    February 26, 2020
    A resolution has been achieved for Chile’s Chiloe Island bridge project.
    Read More
  • Progress being made for key Chile mega projects
    February 22, 2016
    Progress is being made in Chile for two key mega projects, the Chacao Bridge and the El Melon Tunnel. Chile's Ministry of Public Works (MOP) has ordered the consortium working on the Chacao Bridge project to carry out additional studies. The consortium comprises Systra, OAS, Aas-Jakobsen and Hyundai and the project is worth US$511.45 million. The consortium has to respond to observations made by the MOP on the design proposal presented in August 2014. The works to build the bridge now look likely to continu
    Read More
  • US$1.3 billion Chilean road tender delayed
    June 19, 2024
    The tender for a US$1.3 billion Chilean road project is being delayed.
    Read More
  • Chile’s major bridge project to go ahead
    June 19, 2017
    Construction work could commence on Chile’s landmark Chacao Bridge project as early as July 2017. The construction work is being carried out by a consortium called CPC. The new suspension bridge will be 2.6km long and will connect Chiloe Island with the mainland, costing some US$800 million to build. The design allows the structure to cope with massive earthquakes, due to the risk in this region of Chile.
    Read More

Highlighted Content