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.
The Philippines is setting major targets for road development in coming years. A planned budget of US$2.59 billion has been set for infrastructure in the city of Luzon for 2015. And the Department of Public Works and Highways plans to pave some 32,227km of the country's national roads by 2016, with only 83% so far having been paved. Some 64.3% of the department's budget will be for repair and construction of highways. Other spending will be allocated for the development of 410km Mindanao road network, which
The Brazilian Government has announced a US$17.01billion package for new mobility and public transport infrastructure. The huge investment includes the construction of 200km of underground and light tramway lines and more than 600km of new bus lanes. The programme of works, titled 'PAC Mobilidade Urbana Grandes Cidades', is set to benefit people in 51 cities and the metropolitan areas of 18 states.
