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.
Route reviews are being carried out for a key Polish project. Poland’s highways authority, GDDKiA, is analysing the four potential routes for the S10 road, which will connect with Warsaw’s outer ring road, itself still to be completed. The different routes have estimated costs ranging from €5.34 billion to €5.99 billion and all connect with the A1, though at different intersections. Financing for the work should be secured by 2020, with tendering expected in 2025 and construction due to commence in 2026.
The upgrading of Highway 1 between Sha'ar Hagay and the entrance to Jerusalem, Israel, a 2.5 billion NIS project (US$733 million), is expected to take five years to complete.
Work on an extension to the express lanes on the I-95 Interstate highway in the US will be carried by Fluor Enterprises and the Transurban Group. The two companies have a 76 year concession package to operate and maintain the toll road infrastructure for the section of I-95 under a joint venture arrangement, 95 Express, The 147km stretch of express lanes on the I-95 highway will be owned by The Virginia Department of Transportation (VDOT) however.
