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

  • Chile’s road development work continues
    February 6, 2018
    Chile’s ambitious road development programme is continuing. Work is starting on the Americo Vespucio Oriente (AVO 1) highway project. This is expected to cost US$926 million and will provide an improved connection from the El Salto area to Principe de Gales. The work should be completed in the second half of 2021. However a number of complaints have been made with regard to the project, which could delay the timeframe once more. The project was originally due to open for traffic in 2020. Meanwhile Chile’s
    Read More
  • Spencer wins Menai Suspension Bridge refurb
    September 16, 2022
    The UK contract, worth nearly €1.8 million, is to repaint the entire main span underdeck of the 417m-long bridge, the second oldest operational vehicular suspension bridge in the world.
    Read More
  • Major Necaxa-Tihuatlan Highway project for Mexico
    October 1, 2014
    A new highway in Mexico is connecting Necaxa with Tihuatlan and the project features challenging terrain - Mauro Nogarin reports In Mexico a landmark highway project is now close to completion, having set a number of records for Latin America.
    Read More
  • Project building new Biobio bridge in Chile on track
    August 28, 2014
    Construction work on the fourth bridge spanning Chile’s Biobio Bridge is proceeding on schedule. The project site is located in Chile’s Gran Concepcion area. Construction could commence in 2016, with completion expected in 2018. Environmental studies have yet to be completed however. The work will be carried out as part of a concession package and the bridge is expected to cost some US$214 million to construct, carrying two lanes for vehicle traffic as well as claiming pedestrian and cycling connectivity. T
    Read More

Highlighted Content