South Korea-based Hyundai Engineering & Construction Co. and the government of Chile have apparently resolved a dispute that temporarily halted construction of the $740-million Chacao Channel Bridge in December.
According to reports in Chilean media, the Ministry of Public works will pay at least a portion of $300 million in cost overruns that the firm and its consortium partners Systra and Aas-Jakobsen claimed to have incurred as a result of government-requested design changes following the start of construction in 2018.