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Published 2 months ago

Highway Caribe chaos mixes 4G failures and government hostility.

Summary by La Silla Vacía
Construction of Carribean Highway is canceled, third 4G project to fail; 253 km road connects Atlantic to Bolivar; reason: flaw in ambitious 4G concession model. Despite public-private alliance with contract signed in 2021 and construction start in April 2023, project has zero progress today. This is the third 4G private initiative to fail; they are most fragile as their financing entirely depends on toll collection. Additionally, government's m…

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Highway Caribe chaos mixes 4G failures and government hostility.

Construction of Carribean Highway is canceled, third 4G project to fail; 253 km road connects Atlantic to Bolivar; reason: flaw in ambitious 4G concession model. Despite public-private alliance with contract signed in 2021 and construction start in April 2023, project has zero progress today. This is the third 4G private initiative to fail; they are most fragile as their financing entirely depends on toll collection. Additionally, government's m…

2 months ago
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