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

  • LA approves $400bn 30-year transport plan
    September 30, 2020
    City hopes multi-billion, long-term investment will ease traffic delays and reduce air pollution
    Read More
  • Sao Paul’s public transportation to see huge expansion
    January 24, 2014
    Investment in the light rail and metro system in Sao Paulo, Brazil in the period 2012-1025 is expected to reach US$17.75 billion, as the network undergoes huge expansion over the next five years, increasing from the current 330 kilometres of tracks to over 450 kilometres. Seven expansion projects are currently either in progress or due to be started, with some to be complete in 2014, seeing the metro and monorail tracks expand by 78.2 kilometres., which will allow for an increase in passenger capacity,
    Read More
  • Thailand invests in transport infrastructure
    January 24, 2013
    Thailand’s government has announced a USD 74.01 billion investment package to boost the country's transport system. According to Transport Minister, Chadchat Sittipunt, 78 per cent of the total investment will cover transport infrastructure projects including rail, roads, air and water transports. He added that the infrastructure upgrades will lower logistics expenses by as high as 13.2%, by shifting transportation mode from roads to rail network. The huge spending on infrastructure was crucial for the cou
    Read More
  • $150m World Bank investment for Lima transportation systems
    October 21, 2024
    Cash injection aims to improve Peruvian capital's traffic management and road safety
    Read More

Highlighted Content