Chilean infrastructure projects being planned

In Chile plans are well in hand for a series of major infrastructure projects, with the work likely to help boost the country’s economy. The Ministry of Public Works in Chile (MOP) has announced that it will speed up the process for key infrastructure construction projects. Those projects involving investments of around US$1.10 billion should be approved by 11th March 2015. The Ministry of Public Works has indicated that three private concession contracts have already been approved, including the dual-carri
November 20, 2014 Read time: 2 mins
In Chile plans are well in hand for a series of major infrastructure projects, with the work likely to help boost the country’s economy. The 2610 Ministry of Public Works in Chile (MOP) has announced that it will speed up the process for key infrastructure construction projects. Those projects involving investments of around US$1.10 billion should be approved by 11th March 2015. The Ministry of Public Works has indicated that three private concession contracts have already been approved, including the dual-carriageway road in Route 5 between Chacao and Chonchi and a road between Caldera and Antofagasta. The 968 Chilean government is promoting public-private partnerships (PPPs) involving investments in excess of $11 billion.

The tender for Agua Negra tunnel project is due before the end of 2014. The project will cost $1.6 billion and will connect Ovalle in Chile with San Juan in Argentina. Chile has two other projects for binational tunnels including the Baja Altura, which will cost $3.6 billion. For this, 40% will run through Chile. The other project is for the Las Lenas link, which will cost $1.7 billion and for this route, some 23% will be through Chile.
Finance & Funding Road Structures

For more information on companies in this article

Related Content

  • 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
  • Strong interest in building new Chile-Argentina tunnel link
    October 30, 2013
    Interest is strong in the proposed tunnel linking Chile and Argentina. Some 37 companies have shown expressions of interest in the US$1 billion Agua Negra road tunnel. This includes 22 consortia and includes Latin American firms such as Panedile, Techint, Camargo Correa, Jose Cartellone. It also includes the Chinese firms China Railway Construction Corporation, China Railway Bureau Group, China State Construction Engineering Corporation and Sinohydro Group. Daewoo, Hyundai Engineering and SK Eng & Construct
    Read More
  • Chilean bridge project achieves resolution
    February 26, 2020
    A resolution has been achieved for Chile’s Chiloe Island bridge project.
    Read More
  • Russia’s US$28 billion road and bridge works
    November 29, 2013
    A series of major transport projects worth a combined value of over US$28 billion are set to significantly enhance connectivity between various parts of Russia. These include the Moscow-St Petersburg highway, work to the transport system in the Rostov region and two new bridges: one over the Belaya river in Ufa, the other over the Kama river in Izhevsk. The tender process for the $4.46 billion contract to build, maintain, repair, and operate a section of the Moscow- St Petersburg highway has been announc
    Read More

Highlighted Content