News / Chile increases cost of Santiago - Farellones road concession

Chile increases cost of Santiago - Farellones road concession

🕔 March 5, 2014
UK politicians urge reconsideration of PPP projects

The Government of Chile has announced that the budget for the Farellones road concession has increased by 25% from US$88 million to US$110 million.

The budget increase is due to the fact that the scope of the project has been widened. In fact, Anglo American, a mining firm, will provide US$16 million for the first 15 km of the project.

Technical and financial feasibility studies for the project began in 2008 and concluded in early 2010. On 5 October 2012, the tender process started.

The Chilean Government has recently announced that the reception of bids will finally take place on April 25 and the opening of those bids will take place on May 23. The project has suffered numerous delays for the submission of offers.

The concession will include the improvement of the existing road to Farellones on a stretch of 30 kilometers, between the intersection with Avenida Las Condes and the intersection with Route G-251, which goes to the Valle Nevado ski resort. The new road will have two tracks in its first 15 kilometers and the sector Corral Quemado, will be three tracks.

Travel time along the route will be shortened from 90 minutes to 30 minutes, which will improve the country's competitiveness in ski-related tourism.



League Tables

InfraPPP accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form

Newsletter

Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.


PPP Africa Forum
Latin America & Caribbean Gas
Regional Energy
NTA Light Rail

Follow us on Twitter