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

  • Business Monitor revises forecast on Russia’s infrastructure sector
    February 14, 2014
    Business Monitor’ latest report on Russia’s infrastructure sector has considerably revised down their construction industry forecast for the country in 2014 in light of recently published lacklustre official data. With a contraction of 1.25 per cent in the first nine months of 2013, they now forecast only moderate growth in the industry of 1.5 per cent for 2014. Although they had anticipated significant growth in the industry as a result of the large investments made for the Winter Olympic Games, this s
    Read More
  • Developing Oman’s integrated transportation infrastructure
    August 6, 2013
    Oman has committed about US$14.8 billion, almost half of the country’s eight five-year development Plan for 2011-2015, to overhauling roads, ports and airports with the objective of linking the three modes of transport to improve interconnectivity. The third annual Oman Land Transport Infrastructure Summit 2013, 8-11 September, will spotlight the implementation and construction of transportation networks across the Sultanate with a focus on land transportation infrastructure, including roads, bridges, tunne
    Read More
  • ‘Need for sustainable transportation infrastructure drives the ITS market’
    October 30, 2012
    According to a new report by Global Industry Analysts (GIA), the global Intelligent Transportation Systems market is projected to reach US$22.7 billion by the year 2018, driven primarily by the need to enhance road safety by efficiently managing traffic, enforcing speed limits and easing traffic congestion. Rising demand from developing nations to incorporate ITS solutions also bodes well for the future of the market. The report provides a comprehensive review of trends, product developments, mergers, acqu
    Read More
  • Why integrated traffic management needs a cohesive approach
    April 10, 2012
    Traffic control is increasingly being viewed as one essential element of a wider ‘system of systems’ – the smart city. Jason Barnes, Jon Masters and David Crawford report on latest ideas and efforts for making cities ‘smarter’ Virtually every element of the fabric and utilitarian operations that make urban areas tick can now be found somewhere in the mix that is the ‘smart city’ agenda. Ideas have expanded and projects pursued in different directions as the rhetoric on making cities ‘smarter’ has grown. App
    Read More

Highlighted Content