Chile's Ministry of Public Works has revealed that work on the Vespucio Oriente highway will now cost US$2 billion.
March 1, 2012
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906 Chile's Ministry of Public Works has revealed that work on the Vespucio Oriente highway will now cost US$2 billion. The complexity of the project is the cause for the cost increase. The tender process for the project should commence by mid-2012. The project will be for a 13km length and much of it will run underground, with the route crossing seven districts. Work is expected to begin in 2014.
The cost of Chile’s Vespucio Oriente highway project is increasing, while its completion also looks set to be delayed. A 13% budget increase is now required due to additional costs from a number of factors such as urban landscaping, according to Business News Americas. The Américo Vespucio Oriente (AVO) expressway is being built in Chilean capital Santiago and was originally expected to cost in the region of US$940 million. However Chile’s Public Works Ministry, MOP, has said that the route will now cost so
The plans for Chile's new Vespucio Oriente highway are under a question mark at present. The Chilean Construction Chamber (CChC) and the association of concession-holders (COPSA) have raised concerns over the plans by the country's government to press ahead with the construction of the 13km Vespucio Oriente highway in capital Santiago.
The concession package for the US$1.06 billion Américo Vespucio Oriente (AVO) expressway in Santiago, Chile looks set to be awarded to a consortium headed by OHL Concesiones Chile. OHL's proposal of a subsidy close to 20% of the project's cost beat Spanish group Cintra's bid, according to a report from Business News Americas. Of 15 companies that prequalified for the project, only OHL in an alliance with Sacyr Concesiones Chile and Cintra had submitted technical offers for the 40-year concession. Constructi
A tender call for the first, US$940 million stretch of the Américo Vespucio Oriente underground expressway (AVO) in Chile’s capital Santiago Chile's has been issued by the public works ministry (MOP). The prized 40-year concession entails building and operating a 9.3km underground expressway running from El Salto avenue to Príncipe de Gales avenue. The tunnel will stretch over two different levels, each one hosting a one-way, three-lane expressway. Road capacity along the route will increase to 8,000 vehicl
