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.
Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion.
The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
Financing has been found to fund construction work on the North Tarrant Express (NTE) in Texas. The public-private partnership project for Segment 3A of the route will be carried out by NTE Mobility Partners Segments 3 LLC (NTEMP3). The rebuilding of the I-35W road close to Fort Worth will help reduce traffic congestion on the route at peak periods. The public-private partnership has been agreed between NTEMP3, the Texas Department of Transportation (TxDOT) and the North Central Texas Council of Governments
Work on Indonesia’s landmark Trans-Sumatera Toll highway is set to commence in 2013. The contractor Hutama Karya has been awarded the deal to carry out the project. There will be a total 24 toll roads to be constructed on the route by the state-owned construction firm. Meanwhile Indonesia’s Ministry of Public Works has projected that overseas funding for its infrastructure projects in 2014 will be nearly US$784 million, similar to the figure set for 2013. Projects for funding in 2014 include several communi
The Indonesian Government has handed out contracts for the new Sunda Strait Bridge. Construction of the US$11 billion project is expected to commence in the first quarter of 2014. The preliminary work now starting includes a feasibility study and the first stages of the design process, with specialist consultants having been contracted for this work. The bridge will measure some 29km long and will connect Lampung in Sumatra and Merak in Java, crossing the Sunda Strait as its name suggests. The structure wil
