Skip to main content

Funding secured for Chilean highway connection

Much of the necessary funding has now been secured for construction of the first section of Chile’s Americo Vespucio Oriente (AVO 1) highway. A loan package worth US$832 million is being provided jointly by a number of funding bodies. These are; Banco Estado, Bci and Banco de Chile. In all the project is expected to cost $984 million. The construction work is being carried out by a consortium comprising Sacyr and Aleatica (formely OHL Concesiones).
December 13, 2018 Read time: 1 min

Much of the necessary funding has now been secured for construction of the first section of Chile’s Americo Vespucio Oriente (AVO 1) highway. A loan package worth US$832 million is being provided jointly by a number of funding bodies. These are; Banco Estado, Bci and Banco de Chile. In all the project is expected to cost $984 million. The construction work is being carried out by a consortium comprising Sacyr and Aleatica (formely OHL Concesiones).

Related Content

  • Colombian highway projects under development
    June 29, 2018
    A finance package has been secured in Colombia for the Autopista al Mar 1 highway project. A loan worth close to US$206 million is being provided by the national development bank, Financiera de Desarrollo Nacional (FDN). The highway forms part of Colombia’s 4G infrastructure development plan and the finance package will be provided in three separate tranches. The construction work is being carried out by a consortium comprising Strabag, Concay and Sacyr Concesiones. The project will upgrade the 71km
  • 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
  • Mexico highway funding package secured by OHL
    October 4, 2017
    Funding has been found to help pay for building and operating Mexico’s Atizapan-Atlacomulco highway. OHL is building the link and has secured US$364.6 million in loans for the project. The financing package is being provided by several banks, including Santander, Institucion de Banca Multiple, Banco Nacional de Obras y Servicios Publicos (Banobras) and Santander Mexico.
  • Chilean highway; design unveiled
    May 17, 2019
    The design of a stretch of Chile’s Americo Vespucio Oriente (AVO) highway has been revealed.