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.
Mexico's Secretariat for Transport and Communications (SCT) has released US$2.01 billion (MXN 27 billion) for road work tenders to be carried out in 2014. In total, $4.489 billion (MXN 60 billion) will be spent on such projects this year.
As previously reported in World Highways, tenders for 13 projects covering work to repair, upgrade and widen over 2,000km of roads have already been revealed. Tenders being opened will also include building bridges and bypasses around congested urban areas. Key tenders in
Kazak and EBRD officials visited London to highlight the possibility of a public-private partnership under the country’s revised PPP legal framework. David Arminas reports. To build a road, you go on the road, and that is what Kazakhstan did in London in mid-December. Representatives of more than 100 organisations, a mix of construction companies and financial institutions, attended the roadshow-style presentation to attract foreign capital for BAKAD, the Almaty Ring Road Concession. The message was that Ka
Cause for concern comes from the US where the National Highway Transportation Safety Agency (NHTSA) has revealed an increase in road fatalities during 2012. The NHTSA’s statistical projection of traffic fatalities suggests that 34,080 people died in vehicle traffic crashes in 2012, an increase of about 5.3% over the 32,367 killed in 2011.
