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 the north west of Russia, plans are in hand for a new highway project. The 80km highway is expected to cost US$172 million. The tender process is now underway and 40km of the highway is to be offered under a concession package. This section of the Syktyvkar - Naryan-Mar (the Nenets Autonomous Area, North-West) highway will be built in the Komi Republic. Construction of the highway is planned to commence in 2015, with completion expected in 2018.
The Agua Negra tunnel project that will connect Chile and Argentina has now passed a further legislative stage. The Chamber of Deputies in Chile approved the second protocol for the construction of the Agua Negra link. When complete the new tunnel will connect Argentina’s San Juan Province with Chile's Coquimbo Region. The tender process for the project should be launched in July 2015. The tunnel will be of major importance for both countries, providing an important link and carrying traffic that now has to
