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 tendering process is due to commence for a major new highway project in Bangladesh. The 218km highway is intended to improve transport connections between Dhaka and Chittagong and is expected to cost close to US$2.3 billion. The route will be tolled and will have seven interchanges, while it will run alongside the existing highway. The project is being planned by the country’s Roads and Highways Department (RHD). Two options have been proposed, with one featuring six lanes and three in either direction,
Several important Bulgarian road projects are expected to gain momentum over the coming weeks, a welcome boost for a sector that has been beset by delays in the past. In mid-September, the National Road Infrastructure Agency (NRIA) announced that it would soon be declaring new tenders for the construction of two key road projects worth a total of US$94 million (approximately €68.8 million). One section will link the south-eastern city of Kardzhali to Podkova, near the Greek border: the second will connect t
