Chile
News

Itinere proposes US$74mn Region X hwy. concession

Bnamericas
Itinere, the concessions subsidiary of Spain's Sacyr-Vallehermoso, has submitted a proposal to Chile's Region X government to revamp the road connecting regional capital Puerto Montt and the town of Pargua, local paper El Llanquihue reported. Pargua is 55km southwest of Puerto Montt and the jumping-off point from the continent to Chiloe island via ferry across the Chacao channel. The US$74mn project involves making the road into a double-lane highway. Itinere's proposal calls for a 40-year concession. First-phase construction would run 22km from Puerto Montt to Calbuco and begin in 2006 and wrap up in 2009, while construction of the remaining stretch would begin in 2021. Regional governor Patricio Vallespín was quoted as saying the government will now evaluate the proposal, in particular the technical, economic and social costs. The project would then be submitted to the public works ministry's concessions department. Itinere's Chilean operations already include tollroads Concesiones del Elqui, Sociedad Concesion de los Lagos, Concessionaire Ruta de los Ríos, Autopistas Metropolitanas and Rutas del Pacífico.

Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Infrastructure (Chile)

Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Infrastructure (Chile)

Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Ilustre Municipalidad de Puerto Montt
  • Municipality of Puerto Montt, in Los Lagos Region (X), southern Chile, is a Chilean state organization established in 2006 to promote community development, regulate constructio...
  • Company: Explorageo Servicios Geológicos  (Explorageo)
  • The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
  • Company: Atisba S.A.  (Atisba)
  • The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
  • Company: TW Logística SpA  (TW Logística)
  • The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
  • Company: APuerto Ingeniería SpA  (APuerto Ingeniería)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Geoatacama Consultores Ltda.  (Geoatacama)
  • The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...