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.
In Russia’s capital Moscow the finishing touches are being put to a plan to construct the city’s first tolled link. The northern relief road for Kutuzovsky prospect is expected to cost US$1.91 billion to build and will stretch a distance of 10.3km. The tender process for the concession package is being prepared at present and is expected to open for bids shortly. Once complete the new link will connect Moscow’s business centre with Molodogvardeyskaya junction. Meanwhile in the Russian city of Tula, some 193
The Danish government has given its approval for the construction of the 18km immersed tube Fehmarnbelt Tunnel, which will connect the country with Germany.
Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports
The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service.
According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
Interest is said to be strong for a key highway project in Nepal. The project to build the US$1.02 billion Kathmandu-Tarai Fast Track route has attracted interest from China in the shape of the China Infrastructure Investment Corporation (CIIC) and from India with Reliance Infrastructure, and Shapoorji Pallonji. The 76km highway will commence at Khokana and connect capital Kathmandu with Nijgadh. Should CIIC win the deal it has said it will source funding from China’s Exim Bank. The project has been hit by
