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.
A huge highway upgrade project will transform the Cairo-Alexandria road link into a world-class connection as Mike Woof reports. The work to upgrade the Desert Highway connecting Egypt's sprawling capital Cairo with its major port Alexandria, is one of the country's largest infrastructure projects for many years. This 220km highway link is being widened and improved to cope with the hugely increased traffic volumes resulting partly from Egypt's fast growing vehicle population. The Egyptian economy is strong
A series of major highway projects are now being planned in the Philippines. The largest of this most recent set of highway projects to be announced is for the US$1.24 billion NLEx-Cavitex Port Expressway Link put forward. Measuring 15km the route would be constructed featuring four lanes. This proposed link would connect the Cavite Expressway and North Luzon Expressway in Metro Manila. The proposal for the project has been made by Manila North Tollways, a subsidiary of Metro Pacific Investments.
In Chile the contractor Grupo Costanera currently has deals in hand for some US$650 million. Projects Grupo Costanera is working on include road works in the eastern part of Santiago, the construction of a connection with Route 78 from the union of Costanera Norte with Route 68 that goes to Valparaiso, and the Santiago-Lampa highway. Grupo Costanera is at present 45.8% owned by Atlantia. But Atlantia intends to increase its stake in Grupo Costanera and take a controlling interest by June of this year.
