Chile's Ministry of Public Works has revealed that work on the Vespucio Oriente highway will now cost US$2 billion.
March 1, 2012
Read time: 1 min
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.
North Africa is seeing construction business return - Mike Woof reports After a troubled period, stability looks to be returning to North African nations, which can only be good for the road construction sector. First Tunisia, then Egypt and finally Libya saw tumultuous revolts against the previous autocratic (and in one case at least, despotic) rulers. All three nations are now benefiting from a return to stability, with economic growth also improving once more.
Skanska is preferred bidder to develop the Antofagasta Toll Road in Chile under a PPP model. The firm has beaten tough competition for this project and says it will not require government subsidies for the work, which is due to commence in 2011.
The tender process is open for the study into the planned Paso Las Lenas tunnel to connect Chile and Argentina. The study is expected to cost US$1.55 million and will be paid for by Chile’s O’Higgins Region. The tunnel will be some 11.5km long and the portal in Chile will be at an altitude of 2,020m while the entrance on the Argentine side will be at 2,364m, allowing it to be used throughout the year. The tunnel has an expected pricetag of some $1.67 billion to build, with the countries sharing the construc
