Chinese and Europeans very interested in the $1.5 billion Chile-Argentina Agua Negra Tunnel
Chinese and European firms have formally expressed interest in building a landmark US$1.5 billion tunnel under the Andes mountains to connect Argentina and Chile.
Chinese companies Power China and the Chinese Communications Construction Company, Spainâs OHL and FCC, and Italyâs Astaldi and Salini Impregilo are among the interested parties, according to Chileâs minister of public works Alberto Undurraga.
China Power is one of the countryâs biggest companies, with involvement on major infrastructure projects, both abroad and at home, such as the Three Gorges Dam.
The planned Agua Negra tunnel would be over 13km in length and would connect Chileâs Coquimbo region with the Argentine province of San Juan, both mining regions. The tunnel would be able to operate year round, unlike existing cross-border roads that pass over the Andes and often must close during winter snowstorms.
Both Chile and Argentina are revamping their infrastructure, drawing interest from Asian companies for the first time. Infrastructure in the area has traditionally been dominated by Spanish and Italian companies.
Building the tunnel would be an ambitious and complex project that would likely take more than 10 years to complete, said Argentinaâs Transport Planning Secretary German Bussi.
The tender for the project is due to start in September or October.
GTSA is selling one of the largest freeholdÂ farms in the worldÂ on one title which isÂ on the Argentine side and has Ruta 150 run right through it.
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