Chile announces investments in concessions program

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Chile announces investments in concessions program

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

Chile's President Michelle Bachelet has announced a US$1.5 billion new infrastructure concessions plan until March 2016 and the development of a new framework to strengthen the concessions process and increase private investment.

The plan involves three highway PPP projects:

  • Rancagua - Alhué highway. The project involves the development of a new highway between Rancagua and Alhué. The new road will connect the Rancagua by-pass with the "Ruta de la Fruta" route.

According to Michelle Bachelet, the government has plans to reform concessions rules. The government aims to carry out initiatives to stimulate participation of Chile's small and medium-sized enterprises (SMEs). The government will also create a a general concessions department, which will report to Chile's Ministry of Public Works (MOP).

MOP has recently awarded the concession contract to expand and operate Santiago's international airport to the Grupo Nuevo Pudahuel consortium. The team comprises Vinci Aeroports S.A.S., Aeroports de Paris S.A. and Astaldi. The total project investment is estimated at UF14.8 million (US$579.4 million).

We also recently reported that the MOP has awarded to Concesiones Viarias Chile 3 (ACS) "Los Libertadores" border checkpoint concession project and has pre-qualified a total of five teams for the Punilla reservoir concession project in the Bío-Bío Region.

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.