The National Congress of Chile has issued a bill which seeks to create a US$9 billion Infrastructure Fund. The objective of the Fund is to promote the development of infrastructure works, through the creation of an autonomous entity, with modern corporate governance and its own assets.
The Fund, seen as an institutional innovation in the field of public-private partnerships for the development of public works, is approved by the Chamber of Deputies, after being approved by the Senate and analyzed by a special Mixed Commission.
The Fund aims to expand the possibilities of investment in infrastructure from the resources generated by these investments and to separate development of infrastructure projects from the political cycle. The Fund will be used to finance the construction of roads and highways in Chile.