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 the US State of Virginia plans are now moving forward for construction of the US$460 tolled highway. This 88km route will connect Petersburg and Suffolk and will cost $1.4 billion to construct. A consortium headed by Spanish firm Ferrovial Agroman has qualified to handle the design, build, finance deal for the project. The package of works also includes building junctions for the highway to connect with seven existing roads. The financing of the project has still to be completed but this stage is expect
Work will commence on a key new road tunnel connecting in Chile in 2001. The Chacabuco II tunnel will provide another road link between Santiago and the Andes mountain range along the Los Libertadores highway. This will improve Chile's connection with neighbouring Argentina as the highway runs to the border. The 2km tunnel will run parallel to the existing Chacabuco I tunnel, and will carry two lanes of traffic running towards Santiago.
Igor Pankin is CEO of Transstroy, one of Russia’s largest transport infrastructure construction companies, a part of Oleg Deripaska’s Basic Element group. Created in 1992, the company has completed major construction projects with a combined worth of more than €4 billion (RUB 121 billion) The Olympic motto, ‘Swifter, Higher, Stronger’, is very appropriate for the Sochi 2014 Winter Olympics – and not just in reference to the action in its stadiums and on its slopes. The city has been transformed from a small
