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.
Chile’s ambitious road development programme is continuing. Work is starting on the Americo Vespucio Oriente (AVO 1) highway project. This is expected to cost US$926 million and will provide an improved connection from the El Salto area to Principe de Gales. The work should be completed in the second half of 2021. However a number of complaints have been made with regard to the project, which could delay the timeframe once more. The project was originally due to open for traffic in 2020. Meanwhile Chile’s
Key highway links in Chile are likely to see upgrading, although the operation of the links could change. The country’s Ministry of Public Works (MOP) is keen to see widening work for Ruta 68, a route currently operated by Abertis. However MOP has not revealed if it intends to buy back the Ruta 68 contract from the operator and then put the highway back out to tender, with the new deal then including the widening work. It may prove simpler to strike a new deal with Abertis that includes the necessary highwa
In Chile plans are well in hand for a series of major infrastructure projects, with the work likely to help boost the country’s economy. The Ministry of Public Works in Chile (MOP) has announced that it will speed up the process for key infrastructure construction projects. Those projects involving investments of around US$1.10 billion should be approved by 11th March 2015. The Ministry of Public Works has indicated that three private concession contracts have already been approved, including the dual-carri
A series of major projects in Chile will be put out to tender by March 2018. These will be worth some US$4.08 billion in all. Further transport projects are planned for Chile and 2021, the total value of these will be worth an impressive $8.28 billion. The country’s Chacao Bridge linking to Chiloe Island and Agua Negra Tunnel connecting with neighbouring Argentina are perhaps the two most notable and ambitious transport projects Chile will be working on. The tender process for the $800 million Principe de G
