The Inter-American Development Bank (IDB) has approved a $300M loan to improve highway capacity and safety in central Argentina.
Strukton International has secured a contract worth €46M from Metro de Santiago to build five underground stations at the new Line 3 metro line under construction in Santiago, Chile.
A consortium led by Sacyr Concesiones has been appointed to deliver a $1.47bn road project in Paraguay.
Mott MacDonald has been chosen by the Centro American Corporation of Air Navigation Services (COCESNA) to lead a site study, design and masterplan for a new international airport in Costa Rica.The new metropolitan airport — to be located in Orotina, Alajuela — is part of the modernisation and growth of air transport in the country.The scope of the work, conducted by Mott MacDonald, involves technical, environmental and financial advisory and airport development planning — including traffic forecasting, infrastructure layout and terminal design. This is set to take 12 months, after which the consultancy firm will provide COCESNA with the infrastructure plans and associated financial requirements to develop the new airport. Mott MacDonald’s project director Horacio Rossi said: “The new airport will be a significant development for Costa Rica and support economic growth in the region. The additional capacity will enable an increase of international flights, benefitting both export and tourism.“Our experience consulting on Mariscal Sucre International Airport gave us specific expertise in developing new airports on Greenfield sites, as well as relocating a country’s main airport due to existing site expansion constraints. We are delighted to lead an integrated team on this project, which includes FSA, Enroute and Gensler.”The airport is expected to be complete in 2026.
Israel-based infrastructure firm Shikun & Binui has secured financing for the Cundinamarca 010 Toll Road Project in Colombia.The $640M project, part of a multinational plan to improve the country's road infrastructure system, includes the financing, construction, rehabilitation, operation and maintenance of a toll road that will span over nearly 154km.Shikun & Binui's subsidiary SBI, will provide construction services for the project agreed with the Government Infrastructure Authority at the Colombian Ministry of Transportation (ANI). The concession has tenure of 25 years, with an option to extend up to 29 years.Shikun & Binui chairman Moshe Lahmani said: "The financial closing of the project in Colombia is an additional significant milestone in realizing the Group's international strategy to expand its international infrastructure activity, and diversify its global operations."The completion of the financial closings in the USA and now in Colombia will contribute to the Group's record backlog. We will continue to compete for new mega projects in line with our strategic targets."
Panama has signed a $2.6bn agreement with Japan to finance the construction of Line 3 of Panama's Metro.Touted be the largest project in Panama since the expansion of the Panama Canal, Line 3 of the Panama Metro will be 26.75km long with 14 passenger stations.The first phase of Line 3 will meet the demand of 20,000 daily commuters in rush hour in 2020, while the second phase of Line 3 will benefit 31,862 commuters in 2050. Panama president Juan Carlos Varela said in the joint press conference with the prime minister of Japan Shinzo Abe: "The funding granted today by Japan is a recognition of Panama's credibility, stability, and strength. Today's announcement proves that our economy is sustained by solid foundations." The contractor for this project will be chosen through an international public bidding. Construction work will commence in 2017 and the metro line is set to be operational by the end of 2021.
The multi-billion-dollar expansion of the Panama Canal is set to open on 26 June 2016.The project includes expansion of the 50-mile long waterway to manage increased levels of traffic and bigger cargo ships. Work involves construction of two new sets of locks, one each on the Atlantic and Pacific Ocean sides, excavation for new entrance channels to the new locks, widening and deepening the existing channels, as well as raising the water level of Gatun Lake.The project, which began in 2007, was initially scheduled to be completed in October 2014. It has however been delayed owing to construction, labour, and legal issues, as well as discovery of fissures in one of the widened locks.Work on the expansion is currently 97% complete.Panama Canal Authority CEO Jorge Quijano said: "The dream of expansion will become a reality when we inaugurate the biggest infrastructure project in the history of the Canal and the country of Panama."
OHL Concesiones has secured approval from the Metropolitan Council of Lima for a $500m road project in Lima, Peru.