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September 1, 2022 - Source: Law360

New Constitution In Chile Would Affect Infrastructure Projects

Chile's reputation for political and economic stability and a transparent business environment was shaken in 2019, when Chileans took to the streets decrying the country's inequalities and urging governmental reform. This unrest prompted an overhaul of Chile's existing constitution, and a new constitution will be submitted to a referendum Sept. 4. If adopted, the new constitution will significantly alter the state's role in the economy by abandoning the existing priority of the individual in civil society and giving more obligations to the state. The impacts on existing and future public infrastructure projects could be significant.

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