Bolivia expands cable car network

Bolivia aims to start work on the first of five new cable car lines in the capital next year, part of US$2.5 billion planned investment in infrastructure projects in 2015. The La Paz-El Alto cable car system's second phase, which includes an investment of US$450 million for the five new lines, will be completed by 2020, said César Dockweiler, CEO of state-owned operator Mi Teleférico. Bolivia's government plans to increase its 2015 public spending budget 37% to US$6.18bn, economy minister Luis Arce sa
December 5, 2014 Read time: 1 min
Bolivia aims to start work on the first of five new cable car lines in the capital next year, part of US$2.5 billion planned investment in infrastructure projects in 2015.

The La Paz-El Alto cable car system's second phase, which includes an investment of US$450 million for the five new lines, will be completed by 2020, said César Dockweiler, CEO of state-owned operator Mi Teleférico.

Bolivia's government plans to increase its 2015 public spending budget 37% to US$6.18bn, economy minister Luis Arce said last month. Infrastructure investment will include the telecom, energy, water and transport sectors.

Related Content

  • Speed up pace of infrastructure action, say two thirds of businesses
    October 29, 2015
    The majority of businesses (62 per cent) are concerned with the pace of progress on the delivery of infrastructure projects, and over half (53 per cent) believe they won’t see necessary upgrades in the next five years, according to the 2015 CBI/AECOM Infrastructure Survey. With 94 per cent of the 722 firms surveyed saying the quality of infrastructure is a key deciding factor in planning their investments, CBI/AECOM believe there is clear consensus on the need to speed up the delivery of projects crucia
    Read More
  • China plans more ITS deployment despite economic slowdown
    March 30, 2017
    The Chinese government is turning to ITS to help solve urban traffic congestion in the majority of its large cities. Eugene Gerden reports. China is investing an estimated 3.5bn yuan ($551 million) per year in ITS and while the country’s current economic strategy may see this decline, the government plans to continue active development of the national intelligent transport system.
    Read More
  • 2getthere expands driverless system to run on Rotterdam’s public roads
    January 2, 2018
    2getthere will expand its Parkshuttle in Rotterdam region by providing six shuttle vehicles to run autonomously on public roads without a safety steward or driver on board as part of an agreement with the Capelle aan den Ijssel municipality. The project aims to increase regional capacity and will transport 500 passengers per hour in each direction with the first phase operational by next year.
    Read More
  • Study in Finland shows infrastructure is a good investment
    March 28, 2012
    VTT Technical Research Centre of Finland, the University of Oulu and Aalto University in Finland have analysed the financial statements for 2002-2009 of companies, public utilities, and municipal units that own infrastructure, including water services, as well as road, port, airport, railway and electricity networks. Owning infrastructure is relatively risk-free. The most profitable is the energy sector where the return on investment was about 13%. The average annual return on investment of ports was 10%. T
    Read More

Highlighted Content