The Ministry of Public Works has revealed that the best bid for the Ruta G-21 concession comes from a team comprising Icafal and Conpax, which launched an unsolicited proposal for the scheme in April.
Another consortium including Besalco and Mota-Engil also submitted a bid for the project on November 16.
While the 45-year contract is yet to be formally awarded, the winner will conduct rehabilitation works on existing sections between Las Condes on the outskirts of Santiago to Corral Quemado and construct a new three-lane section between Corral Quemado and the intersection with Ruta G-251.
With an estimated investment of $97m, the project also includes the rehabilitation of a 1.1km section and the delivery of two new bridges on Ruta G-245 toward Mina Los Bronces, 29 bus stops and emergency assistance area facilities, among others.