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 American Road and Transportation Builders Association’s (ARTBA) annual forecast suggests that the US transportation construction infrastructure market will show modest growth in 2013. According to ARTBA’s forecast, this segment will increase 3% to US$130.5 billion in 2013. The association’s chief economist, Dr Alison Premo Black, said that growth is expected in highway and street pavements, private work for driveways and parking lots and also airport terminal and runway work. But ARTBA predicts the brid
The Indonesian Government is aiming to start work on 16 major infrastructure projects before October 2014. These include the development of Cilamaya Port and its access road at a cost of US$1.25 billion, the Kertajajati and Soekarno-Hatta airport projects and five toll road projects. The toll roads include the Balikpapan-Samarinda connection, the Palu-Parigi link, the Manado-Bitung Toll, the Cibitung-Cilincing road and the Trans Sumatra tolled highway. The Public Works Ministry is offering tenders valued at
