Chile's Ministry of Public Works has revealed that work on the Vespucio Oriente highway will now cost US$2 billion.
March 1, 2012
Read time: 1 min
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 Government in Aruba in the Caribbean is giving its approval for its second PPP transport infrastructure project, the Watty Vos Boulevard. The start of the tender process for the project is planned for the first quarter of 2014. PwC is the transaction advisor for the Contracting Authority, while the Dutch Ministry of Infrastructure and local legal firm Sjiem Fat & Co are also part of the team. The project will cost some US$120 million and involves the construction of a new arterial road 2x2 around Oranje
Vietnam’s Quang Ninh Province is setting out plans for major infrastructure projects. One project will be for a new tunnel link running under Cua Luc Bay, while the road projects are for the Ha Long-Cam Pha coastal route and the Van Don-Mong Cai Highway.
Construction of the 1.3km undersea tunnel project in Ha Long city is now subject to a feasibility study. Construction is expected to commence in 2019.
