Intervial wins highway contract in Chile's north
Chilean President Michelle Bachelet signed a decree that awards the concession of the Rutas del Loa highway to local concessionaire Intervial, which presented the lowest bid. The country's comptroller still has to greenlight the awarding.
The concession has a price tag of 7.3mn UF, a national inflation-linked unit, translating into around US$310mn, a press release from the public works ministry's Antofagasta office said.
According to the press release, the comptroller will likely approve the contract within this semester, so the contractor can carry out engineering studies and obtain approval from environmental regulator SEA, which would take a year.
Works, expected to start in early 2020, entail converting 137km of road between Carmen Alto municipality and mining town Calama into a four-lane highway.
Other tasks include a 25km beltway around Calama and an underpass to replace the corridor that currently connects Ruta 25 and Ruta 5 Norte highways. Another underpass will replace the turnaround near Calama's southern access.
Works are expected to take three and a half years, and once completed will shorten travel times by 20 to 25 minutes.
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