* Chile - Senate greenlights US$290mn Transantiago financing
Santiago,Chile -Business News Americas, by Eva Medalla -June 20, 2007: -- Chile's senate approved late Tuesday night a US$290mn injection into capital Santiago's problem-wrought integrated public transport system Transantiago, thereby freeing up the funds for disbursement... financing goes hand in hand with additional financing of at least US$100mn for public works in the rest of the country's regions... With the financing approved in congress and system performance indicators improving, authorities are preparing to discuss the possibility of expanding the role of capital Santiago's Metro company to handle both the subway network and buses, the transport ministry official said... Other issues on the government agenda include the creation of a local transport authority and the creation of an agency to temporarily take over operations in case a bus concessionaire fails to comply with contract rules...
Labels: public transport system
posted by Unknown @ 10:04 AM
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