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Technical and economic proposals are due in the first quarter of 2016, with the project being awarded in the second quarter, said concessions adviser Cristina Holuigue at the BNamericas 5th South America Infrastructure Summit.
Holuigue also said the government was trying to integrate the cable car to Santiago's massive transport payment system to foster its use.
"The idea is to promote the use of cable cars as a transit alternative," Holuigue said at the summit in Bogotá.
The 3.4km cable car system will connect Ciudad Empresarial in northern Santiago with the Tobalaba metro station located in the Sanhattan financial center.
Construction of the cable car, dubbed Teleférico Bicentenario, is scheduled to begin in the second half of 2016 and last two years.
The project will include three stations and 146 cable cars, each with capacity of 10 people. It is expected to transport 3,000 passengers/h and significantly reduce travel time.
The project tender, which was first announced by the administration of then president Sebastián Piñera, has been delayed several times. The initiative has recently gained momentum as the government aims to speed up infrastructure projects to boost a weakening economy.