In the opinion of multilateral organizations and companies in the infrastructure sector, Chile has a mature institutional and legal framework that helps facilitate the execution of infrastructure concession contracts, or public-private partnerships (PPP).
However, there are still shortcomings that have slowed an industry that enjoyed great dynamism from the mid-1990s through to the first decade of the 2000s.
Everything indicates that during the Sebastián Piñera government major projects will once again get going, especially in the transport infrastructure sectors, but also in hospitals.
New investment is needed. Despite notorious advances in infrastructure, especially roads - such as the urban motorway network in Santiago, the expansion and modernization of Route 5, the only longitudinal route that connects Chile from north to south, and the two roads that connect to the capital with the ports of the central coast - there is still a sizeable infrastructure gap in the country.
Private estimates indicate that the country should invest some US$95 billion from now until 2027 to reduce its transport infrastructure gap.
To date, there are 71 concession contracts in different stages of progress: construction (13), operation (47), and operation and construction simultaneously (11). These projects have resulted in investment of around US$16 billion, while about US$5 billion remains to be finalized, which gives a total committed amount of US$21 billion.
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