Santiago Metro Spend Announced

Chilean president Michelle Bachelet has announced a $900m expansion to Santiago’s subway system, according to Dow Jones. The $900m investment will add another 15km and 12 stations to the existing system and will likely be operating toward the end of 2014, Bachelet says, according to the report. About 2.5m passengers ride every day on Santiago’s subway system, which began operating in 1975, says Dow Jones.