Interest is strong in Chile’s Chacao bridge project

Strong interest is being shown in the project to build the new Chacao Bridge in Chile. The country’s Ministry of Public Works has said that 41 companies have bought details of the terms and conditions for the tender to build the bridge. Around 70% of the firms interested come from outside Chile. The bridge will be located in Chiloe and is expected to cost in the region of US$740 million to construct. Chile’s Ministry of Public Works hopes that additional firms will purchase the tender details before the deadline expires. Bidders have to submit financial and technical offers by 30th November 2012 in order to pre-qualify. A number of the bidders are expected to establish joint ventures or consortia before submitting final bids for the project in the first quarter of 2013.