Tag: Infraestructure

Government of Panama and Chinese consortium agree to restart construction of the Fourth Bridge over the Panama Canal

The Government of Panama has signed an addendum with a Chinese consortium to resume the construction of the Fourth Bridge over the Interoceanic Canal, a significant infrastructure project with a budget of $1.518 billion. The Panama Fourth Bridge Consortium (CPCP), comprising China Communications Construction Company LTD and China Harbour Engineering Company LTD, was initially awarded the project in 2018. However, financing difficulties and design changes led to a suspension of the work in 2020.

Fundación Andrés Bello

China adds road concession to Chile’s infrastructure portfolio

The Chilean government awarded China Railway Construction Corporation (CRCC) the second concession for the Chillán-Collipulli section of Route 5, for an investment of close to US$600 million, further expanding China’s presence in the infrastructure sector in the South American country. The concession includes the construction of a four-lane access road, the widening of 18 km of the existing road, the replacement of 14 bridges, and the repair of 48 others.

Fundación Andrés Bello

Chinese company involved in corruption cases confirmed irregular business dealings in road tenders.

China Harbour Engineering Co. (CHEC) reported having found irregularities in the bribery case involving the Bolivian Highway Authority (ABC), which led to the dismissal of the company’s general manager, Jin Zhengyuan.

Fundación Andrés Bello

Chinese incursion into Colombian infrastructure

This month has brought a high level of activity in the development of PRC companies in Colombia.

Fundación Andrés Bello

The Tarot Club

The Tarot Club is a group of Chinese companies, located in Peru, that used an illegal service in order to obtain public bids.

Fundación Andrés Bello

Chinese company reportedly bribed officials of the Bolivian Highway Administration

A pro-government congressman denounced a Chinese company for a millionaire bribe to officials of the Bolivian national road entity.
Fundación Andrés Bello

New port in Chancay Peru secures strategic point of trade with China

Cosco Shipping Ports, one of the largest companies in China (PRC), is making progress in the construction of the Chancay multipurpose port terminal, 80 kilometers north of the Peruvian capital, Lima
Fundación Andrés Bello

Construction begins on the RegioTram

The Department of Cundinamarca’s Governor’s Office issued a communiqué announcing that construction work on the RegioTram de Occidente began on June 23.

Fundación Andrés Bello

China Railway requests new financing model for Amaila Falls hydroelectric project

China Railway has advised the government of Guyana that it cannot enter into a Build Own Operate Transfer (BOOT) model for the construction of the Amaila Falls hydroelectric project.
Fundación Andrés Bello

Embassy of the People’s Republic of China in El Salvador announces construction of new stadium

Yamil Bukele, president of INDES, El Salvador’s National Sports Institute, reported on the progress of the construction of the new National Stadium, with funds from the PRC.

Fundación Andrés Bello
Next Page »