Chile's public works ministry (MOP) presented the country's concessions portfolio for 2016-20, involving up to US$8.3bn.

Initiatives to be tendered between now and March 2018 require estimated investments of up to US$4bn, reported local newspaper El Mercurio.

Three tenders for concessions are expected to be awarded this year including the Príncipe de Gales-Rotonda Grecia stretch of the Américo Vespucio Oriente highway project (completing Santiago's beltway) with investment of US$800mn; the Teleférico Bicentenario cable car project; and the Nahuelbuta highway improvement project for US$254mn.

For next year, MOP plans to tender the long-awaited Puerto Montt metropolitan expressway involving the construction of a 33km divided highway linking the towns of Puerto Varas, Alerce, La Vara, Puerto Montt and El Tepual airport.

A private initiative, the route needs estimated investment of up to US$340mn.

In 2018-19, some US$1.3bn in concessions are planned including the Caldera-Chañaral stretch of route 5, the country's backbone highway, for US$640mn. More details can be found, in Spanish, here.

The government's concessions portfolio includes a total of 28 projects, five of which are currently in the process of being awarded, and another 23 planned.

The portfolio was presented by the ministry's concessions coordinator, Eduardo Abedrapo, at an event organized by the construction chamber of the southern city of Osorno, the report said.


Source: BNamericas