PROJECTS | LATIN AMERICA
Communication cable tunnel
Colombia Chile
Mexico Brazil Peru
Panama Argentina 0 2,000 4,000 6,000 8,000 10,000 12,000
Above: Latin America – Tunnel Construction Project Pipeline, Value by Stage and Country (in US$m) Below: Latin America – Tunnel Construction Project Pipeline, Funding Mode (% of total)
14,000
Railway tunnel
Electricity & transmission tunnel Roads tunnel
Mining tunnel Water & sewage tunnel
Oil & gas tunnel
Private 17.7%
SECTORS In terms of sector activity, the Q1 analysis show that most of the tunnels-related projects in the region, by value, are in Transport - primarily Rail & Metro (especially the latter), and also some in Highways & Roads. Project activity
Private 61.2%
Public 21.1%
in Colombia is dominated by Transport, and mostly Rail & Metro, concerning the metro
system in Bogota. Rail & Metro is also the
majority project pipeline
activity, by value in Q1, in Mexico and Brazil, and leads, just, in Chile where there is also Road sector works.
Across the region there is, in relative terms, and
perhaps by its local nature, only minor shares of project activity in Water & Sewerage tunnels-related projects. Hydropower and mining tunnels are also part of activities in the region, in Peru and Chile, respectively.
FUNDING As noted, for Latin America as a whole the largest share of funding of the tunnels-related projects is Public- Private mode, at 61.2%, in GlobalData’s Q1 analysis. The other two funding modes - Public and Private -
are far less although still substantial, at 21.1% and 17.7%, respectively. Among the nations of Latin America with tunnels-
related projects, as listed in GlobalData’s analysis, Public-Private mode of funding is predominant in Panama (100%), Brazil (92.5%), Chile (81.7%), and Colombia (69.5%).
16 | Summer 2025
Above: Bessac Andina uses pipejacking under Colombian highway CREDIT: BESSAC
Public-Private mode is not used in Mexico, Peru and
Argentina, as previously noted. Instead, the funding modes in those nations lean as follows: Mexico and Peru - both entirely Public mode; Argentina is mostly Public mode (85.2%). Private mode is the following shares: Colombia (30.5%); Chile (18.3%); and, Argentina (14.8%).
GlobalData is a leading provider of data, analytics and insights on the world’s largest industries, including construction. The information reviewed for this article is contained in the following extensive quarterly report - ‘Project Insight: Global Tunnel Construction projects, Q1-2025’. For more in depth data on Latin America, and also other regions, go to:
www.globaldata.com/store
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