Sibmost and the Automobile Roads Department of the Krasnoyarsk Region have signed a US$371.07million (RR12billion) contract to construct the first phase of the fourth highway bridge in Krasnoyarsk, Siberia.
June 8, 2012
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5872 Sibmost and the Automobile Roads Department of the Krasnoyarsk Region have signed a US$371.07million (RR12billion) contract to construct the first phase of the fourth highway bridge in Krasnoyarsk, Siberia.
Work is progressing on the key Red Vial 5 highway project in Peru. The construction phase of the Huacho-Pativilca highway should finish in March 2017. The 183km long highway project has been carried out in two phases, with the first being finished in 2008 and costing some US$58 million. However costs have escalated for the second phase and it will come with a bill of some $119.6 million when the work is completed in 2017, around 12 months later than originally planned. The road operator is Norvial and this
Leighton Holdings and DM Consunji have been chosen by Metro Pacific Investment to develop the Cavite-Laguna Expressway – Calax -- project in the Philippines.
Work on the US$757 million is set to start in July next year and run to July 2020.
Maintenance and operations on the 47km highway is under a 30-year contract running from 2020. The motorway will start at Cavitex and end at the SLEX-Mamplasan Interchange.
Cause for concern comes from the US where the National Highway Transportation Safety Agency (NHTSA) has revealed an increase in road fatalities during 2012. The NHTSA’s statistical projection of traffic fatalities suggests that 34,080 people died in vehicle traffic crashes in 2012, an increase of about 5.3% over the 32,367 killed in 2011.
