Chilean Government develops secondary road investment scheme

A new programme of works in Chile will see major maintenance being carried out on the country’s extensive network of secondary roads. The plans have been set out by the Ministry of Public Works (MOP) and the works will be offered under a new concession framework that is planned to be announced in the first quarter of 2014. The works will require up to 30% of the MOP's annual budget, some US$594 million. Meanwhile MOP has also signed a deal with the highway operator Autopista de Aconcagua. This will see upgr
October 30, 2013 Read time: 2 mins
A new programme of works in Chile will see major maintenance being carried out on the country’s extensive network of secondary roads. The plans have been set out by the Ministry of Public Works (MOP) and the works will be offered under a new concession framework that is planned to be announced in the first quarter of 2014. The works will require up to 30% of the MOP's annual budget, some US$594 million. Meanwhile MOP has also signed a deal with the highway operator Autopista de Aconcagua. This will see upgrades to the Santiago-Lampa highway and involves improvements to a 15km stretch that links Buenaventura and the Lampa toll road. The work includes widening the route to four lanes in each direction and is expected to commence in the first half of 2014 and is due for completion in the last quarter of 2016.
Finance & Funding Road Structures

Related Content

  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More
  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More
  • Chile's road safety drive
    February 23, 2012
    In Chile a serious accident has triggered a major assessment of existing safety regulations.
    Read More
  • Spanish firm keen to develop Chilean projects
    February 2, 2016
    Spanish infrastructure firm Abertis is keen to develop a series of projects in Chile. In all the projects are worth over US$900 million. Abertis has presented these projects to Chile's Ministry of Public Works. This move follows the acquisition by Abertis of the remaining 50% stock holding in the country's Autopista Central motorway concession. This was bought from Canadian fund manager Alberta Investment Management (AIMCo) for over $1 billion.
    Read More

Highlighted Content