Business

Chile sanctions EFE’s $1.9bn railway plan

The government of Chile has approved national railway firm Empresa de los Ferrocarriles del Estado (EFE)’s $1.9 billion, 2020-22 investment plan, according to BNamericas. Work is currently under way on the $375 million reconstruction of Santiago’s subway system, and will start on the $1.3 billion Melipilla-Alameda railway project in June.

Source: BMI

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