Antwerp project cost spirals to €10.1 billion

The Antwerp Oosterweel project cost has spiralled to €10.1 billion.
By MJ Woof November 1, 2024 Read time: 1 min
Antwerp in Belgium will benefit greatly from its new road link when complete but the project has been hit by major cost increases -= image courtesy of © Arvelius| Dreamstime.com


A huge increase in cost has been seen for the Oosterweel link project in Antwerp, Belgium. The Oosterweel route is providing an improved connection between the Expressweg (E34) through a tolled tunnel running underneath the Scheldt and a twin deck tunnel under the Albert Canal to the Antwerp Ring Road.

The project was originally expected to cost €6.8 billion but the cost has now spiralled to €10.1 billion due to a number of factors. These factors include increased costs for materials and labour since the COVID 19 pandemic as well as unforeseen technical challenges and the need for additional pollution measures.

Construction commenced in 2017 and should be complete by 2033.

 

Finance & Funding

Related Content

  • Warm mix use in the US and Czech Republic is strong
    May 20, 2014
    The Czech Republic has seen its first ever use of warm mix produced using additive Evotherm - and a survey carried out in the US shows that warm mix is still on the rise there - Kristina Smith reports The troubled Blanka Tunnel in Prague will see the Czech Republic’s first ever use of Evotherm warm mix asphalt (WMA) technology. The 6km tunnel is the longest urban motorway tunnel in Europe and will take the north-west section of the city ring road below ground. Designed as dual carriageway throughout w
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Colombia’s infrastructure development
    December 2, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • Malaysia’s construction boom has peaked, says new Business Monitor report
    October 30, 2013
    Malaysia’s construction boom has reached its peak, according to a new Business Monitor (BM) report on the country’s infrastructure investment. The leading global independent business research data provider’s report states that Malaysia’s construction activity in Q2 2013 represented the lowest pace of expansion since Q4 2011. BM expects this slowdown to intensify, primarily due to falling demand for residential and non-residential buildings, as well as concerns about Malaysia's fiscal position. These concer
    Read More

Highlighted Content