Skanska is preferred bidder to develop the Antofagasta Toll Road in Chile under a PPP model. The firm has beaten tough competition for this project and says it will not require government subsidies for the work, which is due to commence in 2011.
February 6, 2012
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2296 Skanska is preferred bidder to develop the Antofagasta Toll Road in Chile under a PPP model. The firm has beaten tough competition for this project and says it will not require government subsidies for the work, which is due to commence in 2011. The project is expected to cost US$300-350 million and also attracted bids from Concesiones Viarias Chile Tres (Dragados); Consorcio Vial Chile (2313 Besalco, 2315 Icafal and 2317 Belfi) and Consorcio Azvi Chile Copasa. Design and construction will be carried out by Skanska Latin America and the project will comprise some 120km of new lanes, upgrading of about 200km as well as service roads and intersections. The route is located in the mining district in northern Chile and is of key commercial importance to the country. The mining industry is a cornerstone of the strong Chilean economy and fast links to the country's copper mines are vital.
