Chile's Ministry of Public Works has revealed that work on the Vespucio Oriente highway will now cost US$2 billion.
March 1, 2012
Read time: 1 min
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.
After a slowdown in road projects last year, the road construction sector in India has picked up in 2012. With the National Highways Authority of India (NHAI) awarding new projects under the public-private partnership (PPP) programmes and the their execution picking up, the Indian construction industry is looking at making up for lost time with a flow of funds and EPC (engineering, procurement and construction) contracts in 2012. The effect of the sudden surge in demand for construction machinery, building
The tender process to construct a €1.3 billion highway project in the Bosnian autonomous entity of Republika Srpska is underway and will be open until 2 September, 2011. Bosnia's Ministry of Transport has held talks with a total of five companies so far. The highway will run from Glamocani through Banja Luka and to the town of Mrkonjic.
