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Project reports

18 Jan 02

German construction company wins major beltway contract in Chile

Hochtief, one of Germany's biggest construction companies and three partners, including Spain's Grupo Dragados and two Chilean companies, have won an order to design, build and operate a beltway around Chile's capital, Santiago. The order, valued at US$265 million will see the building of a 30km-long section of a toll motorway. According to a Hochtief statement, financing of the Santiago project should be completed this year, while building should commence in 2003 with completion scheduled for 2005. The company also says it is optimistic about winning other privately financed building projects in Germany, Greece, Ireland and Norway.

#Project management
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