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.
Following the adoption yesterday of the European Commission's proposals to reduce CO2 emissions from cars and vans, the European Automobile Manufacturers' Association (ACEA) says it will now work with its members to conduct a full analysis of how the proposed targets should be reached as well as their feasibility, and what this means in practice for the industry as a whole. The auto industry shares concerns about global warming and is contributing actively to find sustainable solutions. In 2011, the average
Financial troubles for Brisbane's new Airport Link overshadow its construction success – Adrian Greeman writes. Political argument and legal dispute is likely to rage for some time yet over the bankruptcy of Australian road operator BrisConnect, which went into receivership this February with A$3 billion in debt. Toll paying users for its new Airport Link have been less than half the predicted numbers since it opened in July last summer. But if its nancial engineering is being questioned, the same is not t
