Hyundai says $740mn Chacao bridge on track after cost dispute

South Korea’s Hyundai Engineering & Construction Co Ltd said it has resolved a dispute with the Chilean government over the construction of a $740 million suspension bridge through a deal to mitigate losses to be formalised in later February. The firm leads the Puente Chacao Consortium (CPC), which won the tender in 2013 to link the continent with the Chiloé archipelago, some 1,000 kilometres south of Santiago.

Source: Reuters