Nearshore Americas

Chile to Invest $2.7 Billion to Extend Santiago Subway

Source: Dow Jones Newswires

SANTIAGO — The Chilean government will invest $2.76 billion to expand Santiago’s Metro subway system, President Sebastian Pinera said Wednesday. The investment will add two new lines to the network, extending it to 140 kilometers and 136 stations. One of the two new lines will be operating in 2016 and the other one in 2017, Pinera said.

Pinera added that Corfo, the government development agency, will finance $500 million and that government-held subway operator Metro SA will contribute $900 million.

In 2009, the administration of Michelle Bachelet disclosed a $900 million expansion that will be ready in 2014. About one-third of Chile’s 17 million inhabitants live in the capital. Some 2.5 million passengers ride every day on Santiago’s subway system, which began operating in 1975.

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Kirk Laughlin

Kirk Laughlin is an award-winning editor and subject expert in information technology and offshore BPO/ contact center strategies.

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