Venezuela's state railway autonomous institute IAFE and the Italian embassy signed in January a letter of intent for the construction of the 70 km-long La Encrucijada-Charallave railway section, the last link to connect Caracas with Puerto Cabello. The path is in phase of optimisation and for the moment 18 tunnels stretching for a total of approx. 25 km are planned. The letter of intent sets the basis for awarding the contract to a consortium of builders which is expected to be formed by Ghella, Astaldi and Impregilo, who are currently building the Puerto Cabello-La Encrucijada section. Click here. 08/08.