Progress being made for key Chile mega projects

Progress is being made in Chile for two key mega projects, the Chacao Bridge and the El Melon Tunnel. Chile's Ministry of Public Works (MOP) has ordered the consortium working on the Chacao Bridge project to carry out additional studies. The consortium comprises Systra, OAS, Aas-Jakobsen and Hyundai and the project is worth US$511.45 million. The consortium has to respond to observations made by the MOP on the design proposal presented in August 2014. The works to build the bridge now look likely to continu
February 22, 2016 Read time: 2 mins
Progress is being made in Chile for two key mega projects, the Chacao Bridge and the El Melon Tunnel. Chile's Ministry of Public Works (MOP) has ordered the consortium working on the Chacao Bridge project to carry out additional studies. The consortium comprises 5549 Systra, 1511 OAS, Aas-Jakobsen and 236 Hyundai and the project is worth US$511.45 million. The consortium has to respond to observations made by the MOP on the design proposal presented in August 2014. The works to build the bridge now look likely to continue until the end of 2020. This three-month extension is due to a request made by the MOP for the company to submit a 3D model of the bridge, which will connect Chiloe Island to the mainland. The bridge has been long in the planning, with the project having been conceived and then cancelled in the past on grounds of cost. The link will be tolled and will replace a ferry service.

Also in Chile, interest is strong for the El Melon tunnel project, which has received seven tender offers during the second tender process. The project to build the Tunel El Melon road tunnel project is expected to cost $128 million. The work involves the construction of a second tunnel on the Ruta 5 highway, in parallel with the existing tunnel. The project also includes modernising and widening of the existing tunnel to meet current standards. The firms making bids are Concesiones Viarias Chile Tres, Highway Invesment Chile, OHL Concesiones Chile, FCC Construccion, Consorcio Echeverria Izquierdo-Arauco, Sacyr Concesiones Chile and Conpax Energia y Concesiones. The next stage of the tender will be the presentation of the financial offers, which is due to take place on 7th March 2016.
Finance & Funding Road Structures

For more information on companies in this article

Related Content

  • Costa Rica highway concession package cancelled
    March 19, 2014
    The Costa Rican Government is paying compensation worth US$28.4 million for the cancellation of a highway concession package. The compensation relates to the San José-San Ramón highway concession and is being paid to the Brazilian construction company OAS, reports Business News Americas. This follows a legal dispute over the project and is some $10 million less than OAS originally claimed in compensation. The 30 year concession package was cancelled last year due to opposition. There were allegations of a c
    Read More
  • Chile authorities present US$ 740mn project for Chacao bridge
    May 25, 2012
    Chile public authorities have presented an amended version of the Chacao bridge project, that will link Chiloe island with the mainland. Works for the 2.6km bridge will be assigned through a public competition and will cost up to US$ 740million, over US$ 200million less that the initial project presented by Puente Chiloe. The tender will be launched by the end of 2012 and should be assigned in 2013. The project is due for completion by 2019.
    Read More
  • Chile’s major bridge project to go ahead
    June 19, 2017
    Construction work could commence on Chile’s landmark Chacao Bridge project as early as July 2017. The construction work is being carried out by a consortium called CPC. The new suspension bridge will be 2.6km long and will connect Chiloe Island with the mainland, costing some US$800 million to build. The design allows the structure to cope with massive earthquakes, due to the risk in this region of Chile.
    Read More
  • Paraguay’s planned highway projects
    January 22, 2019
    Several major road projects are underway in Paraguay at present, though issues are afflicting some. Although the Rute del Este consortium comprising Sacyr, Mota Engil and Ocho A was awarded the PPP contract to upgrade Ruta 2 and Ruta 7, the necessary funding has yet to be delivered. The Inter-American Development Bank (IADB) and the US Bank have both said that they would give the necessary funding. A new deadline has been set for the funds to be delivered at the end of March 2019. Meanwhile there are also d
    Read More

Highlighted Content