Funding secured for Chilean highway connection

Much of the necessary funding has now been secured for construction of the first section of Chile’s Americo Vespucio Oriente (AVO 1) highway. A loan package worth US$832 million is being provided jointly by a number of funding bodies. These are; Banco Estado, Bci and Banco de Chile. In all the project is expected to cost $984 million. The construction work is being carried out by a consortium comprising Sacyr and Aleatica (formely OHL Concesiones).
December 13, 2018 Read time: 1 min

Much of the necessary funding has now been secured for construction of the first section of Chile’s Americo Vespucio Oriente (AVO 1) highway. A loan package worth US$832 million is being provided jointly by a number of funding bodies. These are; Banco Estado, Bci and Banco de Chile. In all the project is expected to cost $984 million. The construction work is being carried out by a consortium comprising Sacyr and Aleatica (formely OHL Concesiones).

Finance & Funding

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Chile’s capital Santiago now looks set to benefit from a new road tunnel link, which will cost up to US$900 million to construct. The Americo Vespucio Oriente I (AVO I) will stretch 9km through the city and will include a tunnel section. The project has been the focal point for discussions between the local authorities as well as the companies OHL and Sacyr.
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