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.
Construction work on Chile’s Americo Vespucio Oriente 1 (AVO 1) highway is starting somewhat later than was originally planned. Originally construction of the new highway was to have commenced in September 2016, but this was then held back first to July 2017 and finally to October 2017.
Plans are moving forward for a new highway that will link Kosovo’s capital Pristina with Belgrade, the capital of neighbouring Serbia. The project is of importance as it reveals the continued improvement in diplomatic relations between Serbia and Kosovo. Serbia’s Ministry of Construction says that work on the route will commence in the first half 2017. The financing model for the project has yet to be established. Talks are being held with European partners. The cost of the project has not yet been revealed
