A new report issued by the Chilean Construction Chamber calls for the country to invest around $25B into telecoms infrastructure across the next decade.
The Critical Infrastructure for Development 2018-2027 report was issued by the chamber with an accompanying statement that noted: “although Chile has high penetration of fixed and mobile internet, it is still below the average of the OECD [Organisation for Economic Co-operation and Development] countries. Therefore, the challenge is to improve access to broadband and expand the fibre optic trunk network.”
The group’s president Sergio Torreti claimed in the report that the required level of investment would necessitate involvement from the private sector, writing: “32% could be completely and directly financed by the private sector if the correct incentives and institutional frameworks are created, and 29% could be financed under a mixed model.”
The report concluded that across all of Chile’s sectors – including transport and utilities such as water and energy – the total amount of infrastructure investment required is $175B.