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$2 billion. The complexity of the project is the cause for the cost increase. The tender process for the project should commence by mid-2012. The project will be for a 13km length and much of it will run underground, with the route crossing seven districts. Work is expected to begin in 2014.
Turkey has awarded the much-delayed tenders for the motorway connector roads to Istanbul’s Third Bosphorus Bridge.
The 90km motorway section between Kinali and Odayeri was awarded to the Kolin-Kalyon joint-venture with completion in seven years and nine months, according to Turkish media reports. The 170km section between Kurtkoy and Akyazi was awarded to Limak-Cengiz joint-venture which will finish the work in six years and nine months.
Financing from the Middle East is helping to build the first toll road in Russia’s capital Moscow – Eugene Gerden reports. The first toll road within the Russian capital Moscow will be built this year with financing from a consortium comprising Russian and Arabian investors. This was revealed officially in a recent statement from the Moscow City Government. The heart of the project involves building a relief road for Kutuzovsky Prospekt, a major radial avenue in Moscow, which is known for its luxury stores
Chile public authorities have presented an amended version of the Chacao bridge project, that will link Chiloe island with the mainland. Works for the 2.6km bridge will be assigned through a public competition and will cost up to US$ 740million, over US$ 200million less that the initial project presented by Puente Chiloe. The tender will be launched by the end of 2012 and should be assigned in 2013. The project is due for completion by 2019.
Construction work on a new elevated highway route through Vietnamese conurbation Ho Chi Minh City is commencing. The project involves building a 30.4km stretch of highway, Elevated Road No5, through the busy metropolis and is expected to cost US$785.25 million. The new four lane road will run above National Highway 1A, with the work forming part of a wider project intended to help reduce Ho Chi Minh City’s chronic congestion problems. In all the city’s road transport department plans to construct five of th
