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.
The US Department of Transportation has given the go-ahead for the I-5 Columbia River Crossing project, which will link Washington and Oregon states. The plans involve replacing the existing Interstate 5 Columbia River Crossing Bridges and building a new interstate transit link.
India’s Road Transport and Highways Ministry is working on plans for a new high speed road link connecting the capital, New Delhi, with the key economic and industrial centre, Mumbai. The route will form part of the country’s new highway network and is expected to cost in the order of US$15.3 billion to construct. In addition, another highway project has been proposed that will be linked to the planned New Delhi Mumbai route. The new inter-city highway will be tolled and will reduce travel times between New
An end to a thorny issue is close at hand concerning who will fund construction of a border customs plaza on the US side of a planned bridge linking Canada and the United States.
US President Barack Obama’s US$4-trillion budget did not set aside any money for the plaza for a second consecutive year, further irritating Canadian officials who are overseeing construction of the bridge.
It appears that the Canadian government might end up footing the entire bill, according to a report in Toronto’s Globe a
Vietnam’s Ministry of Transport is prioritising the construction of the North-South expressway project. It is seeking the approval of the Vietnamese Government approval to speed up the development of a 713km stretch of the expressway. This particular section of the expressway is phase one of the project and has an estimated construction cost of US$ 5.73 billion. Just over half of the construction cost will be paid for by private investors while Government bonds are expected to pay for the remaining sum. Thi
