To compensate the people of Chiloé for not building the bridge, then President Michelle Bachelet promised an upgrade to the island's infrastructure.
[5] In May 2012, President Sebastián Piñera again revived the project, announcing it would open an international bidding process to present the best solution for the construction of the bridge, with a US$740 million investment limit.
Hochtief was the overall leader, Vinci provided the technical lead, and American Bridge was to contribute cable spinning and deck erection technology.
In the revived 2012 process the contract was awarded to a consortium of the OAS, Hyundai, SYSTRA, and Aas-Jakobsen with financial backing from Brazilian, French and Norwegian investors.
[9] Supporters expected that the bridge would boost tourism, increase investment and business opportunities on the island and provide better access to medical care.