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.
Vietnam's new highway projects Key highway projects are being planned in Vietnam including the Ninh Binh-Thanh Hoa Expressway, which will run for 127km and is expected to cost US$1.6 billion to construct.
Key highway projects are being planned in Vietnam. The Ninh Binh-Thanh Hoa expressway will run 127km and is expected to cost US$1.6 billion to construct. The Nghi Son-Bai Vot expressway will cost $1 billion to build and Vietnam's Ministry of Transport (MoT) hopes to source a loan from the World Bank for this project. Vietnam's MoT is putting the projects through the tender process at present. The deals will be made under either the build-operate-transfer (BOT) or public-private partnership (PPP) models. So
The authorities in Indonesia have set out extensive plans to source funding for new tolled highways. In all seven highway projects have been identified as crucial to expanding the network and improving connectivity for the Indonesian islands of Sulawesi, Java and Sumatra. Some US$25 billion in loans from overseas has been sourced by the Public Works Ministry of Indonesia.
The Malaysian authorities are setting out plans to upgrade a key link in the country, the 62km Segamat-Tangkak road. The project to widen the road and improve its capacity is likely to commence in mid 2011 and cost in excess of US$229 million. At present the Malaysian Public Works Ministry is preparing the tender process and is finalising the design.
