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.
In Uganda planning is underway for the upgrade of the Kampala-Jinja route. Preparations are being made for a new tolled highway connecting with capital Kampala. The upgrade will see the route being widened with four lanes for much of the length, six lanes on the approach to Kampala and up to eight lanes where vehicle densities will be heaviest to carry the capital’s traffic. The construction work is expected to cost some US$74 million and the new link will connect with the existing Kampala-Entebbe highway.
Financing now looks to have been fully secured for the Agua Negra tunnel project that will connect Chile and Argentina. The two countries have come to an agreement over how much they will contribute to the project, which is expected to cost around US$1.5 billion to construct. The financial contribution from each country will be in proportion to the length in each territory. With 28% of the 14km tunnel in Chile and 72% in Argentina, the latter will now provide the majority of the financing. The new tunnel
Work is now underway on the new DFW Connector near Dallas, in the US state of Texas. This is of note as it is the largest investment of Recovery Act (ARRA) investment in a highway project so far.
