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.
An optimistic tone in South Korea is seeing the construction of an expressway connecting Seoul and Munsan. The project is being carried out in a bid to boost trade with North Korea. This is in spite of the current uncertain political situation in North Korea. The expressway will connect South Korean capital Seoul to Munsan, which lies to the south of the Demilitarised Zone bordering North Korea. More private investment can be roped in via the plan to build the expressway. An environmental impact assessment
The governments of China, Kazakhstan, Belarus and Russia have finally approved a project for the building of a new transcontinental road, which will connect Asia and Europe.
The new route is much-needed and will speed the transportation of cargo between the two continents, according to Maxim Sokolov, Russia’s Minister of Transport.
The idea for the building of the road was first proposed by the European Commission around 2005. It was prompted by the ever growing volume of trade between the EU and Chin
Construction work is now restarting on the BR-163 highway in Brazil, following a four month cessation of activities. The work on the stretch of the route in Mato Grosso do Sul is being carried out by CCR and MSVia. However the pace of progress on the project has been lowered and is at a slower rate than originally specified. Traffic volumes on the route are lower than when work commenced in 2013 and complexities with the environmental legislation have also caused headaches for the contractors. So far, MSVia
