Chile
News

Metro de Santiago readies US$217mn repair tender

Bnamericas Published: Thursday, January 02, 2020
Metro de Santiago readies US$217mn repair tender

Metro de Santiago shareholders approved a 160bn-peso (US$217mn) capitalization to repair subway stations damaged during the October 18 protests.

Complete repairs are expected to cost US$375mn.

A metro spokesperson told BNamericas that “it hasn’t been detailed how this tender would look like. It could be a normal tender, which takes a considerable amount of time, or it could be another system due to the rush to reopen all stations.” 

The capital increase was approved during an extraordinary meeting by the finance ministry and state-owned development agency Corfo, according to a notice sent to market regulator CMF.

Funds will come through fiscal contributions. Last month, the operator had to withdraw a funding proposal as unions complained it would result in loss of benefits. 

The tender will cover only repairs at stations that were most damaged on October 18, when arson attacks destroyed rails, electric systems and other infrastructure. 

In November, Metro de Santiago said seven stations would not reopen until late 2020.

Due to the repairs, the opening of new lines No. 7, 8 and 9 was also pushed back by one year.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

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: Mas Errázuriz S.A.  (Mas Errázuriz)
  • The Chilean engineering firm Mas Errázuriz was established in 1982. The company is involved in projects in energy, Infrastructure, and mining. Mas Errázuriz also operates in Bra...
  • Company: Ingeniería Cuatro Ltda.  (Ingeniería Cuatro)
  • 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...