Chile highway tender in 2020

The tender process will be opened for a new highway project in Chile in early 2020, with technical and economic bids due in the first quarter. The project aims to widen and upgrade the Route 5 stretch connecting the cities of Talca and Chillan in central Chile. The project is expected to cost US$796 million and the route will be offered under a concession package lasting 25 years. The route is run under a concession by ISA Intervial at present, which is due to cease in June 2020.