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.
Taiwan's Suao-Hualien highway is being upgraded in a project worth US$1.26 billion. The work will reduce congestion, improve safety and cut journey times on the link.
Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports
The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion.
The new road will measure some 85km long and will feat
An Italian roads company will handle the programme for a major road construction and management project in Iran. Anas International Enterprise (AIE), a subsidiary of Italian state-owned firm Anas, is in charge of the work. This contract is for the construction and management of 1,200km of motorways in Iran. The package of works was awarded by the Iranian Ministry of Roads & Urban Development, with a projected cost of US$3.98 billion in all to construct all the routes required. A feasibility study is planned
The Ministry of Public Works (MOP) in Panama will put the rehabilitation and expansion of the 208km Santiago de Veraguas-David road out to tender in mid-2013. The works, part of which will create a larger four-lane highway, have been calculated to cost around US$ 700 million. Since 2009, President Ricardo Martinelli has contracted turn-key projects worth $3.4 billion.
