Chile awards China a $1.1 bn build-concession contract

Chile has awarded China Railway Construction Corporation (CRCC) a build-concession contract to upgrade and operate a 195km toll highway – the Talca-Chillán section of Route 5. CRCC offered a total concession income of around $1.1 billion in what Chile’s General Directorate of Public Works Concessions said is the first such contract awarded to a Chinese group. 

Source: ITS International