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

  • Chile highway link faces future issues
    January 24, 2017
    Chile’s busy Route 68 between capital Santiago and the country’s main port of Valparaiso faces an uncertain future. The 110km highway carries heavy traffic volumes and is close to its capacity of 4,500 vehicles/hour at peak periods, with extensive works required to improve the route. The work to upgrade Route 68 is expected to cost up to US$170 million, with eight sections of the highway in particular need of attention. The tender process for the upgrade work will open shortly. The Chilean Government opt
    Read More
  • Metropistas picks up 10-year toll road extension in Puerto Rico
    May 3, 2016
    Metropistas has been granted a 10-year extension to its PR5 and PR22 toll road concessions in Puerto Rico, up to 20161. Metropistas, a subsidiary of Spanish operator Abertis, signed the agreement with the Puerto Rico Highways and Transportation Authority. The agreement entails payment of $115 million to the Authority and a redistribution of the company's future revenue. PR22 is the 83km San Juan-Arecibo highway and PR5 is the 4km urban San Juan-Bayamon highway.
    Read More
  • New route for Chilean capital
    July 8, 2013
    Chile’s congested capital Santiago is set to benefit from the construction of a key route that will help reduce journey times and improve traffic flow, particularly at peak periods. The tender process will open shortly for the Americo Vespucio Oriente (AVO) highway in Santiago, a 9.3km highway connection that will include the construction of a tunnel under the San Cristobal area.
    Read More
  • Chile-Argentina tunnel project to take nine years
    May 3, 2017
    Construction work for the Agua Negra tunnel connecting Argentina with Chile is expected to take nine years to complete. The actual construction work will commence in 2019, although considerable activity will be required beforehand. Building the tunnel is expected to cost in the orders of US$1.5 billion. Much of the financing for the project is being provided by the Inter-American Development Bank (IADB). So far the IADB has given $20 million to Argentina and a further $20 million to Chile to pay for the nec
    Read More

Highlighted Content