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.
South Korea is setting an ambitious transport and infrastructure budget for 2010. The country intends to invest US$52.51 billion on projects for new roads and highways, as well as rail and port developments.
The authorities in China have revealed that construction of the Fuzhou section of the new Beijing-Taipei highway will commence by late May 2012. The two-way four-lane expressway will have a design speed of 100km/h. The 53km Fuzhou section is expected to cost some US$1.04 billion to construct. This section of highway will take four years to complete.
