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.
The Spanish construction firm ACS is tendering for the construction and operation of four bridges in the US. The firm is tendering in partnership with some other US and international firms for some of the projects, which are worth a total of US$11.4 billion. The Tappan Zee project is expected to cost $5 billion and the deal will be for a design and construction contract. The bridge will be located in New York, is being developed by New York State Thruway Authority and will require two, four-carriageway brid
With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
Proposals have been put forward for a tunnel link in Bulgaria that would be Europe’s longest. The 37km long twin tube tunnel would form part of Bulgaria’s Struma Highway, which runs 150km from Dakalovo to the Greek border. The tunnel option has been proposed largely due to environmental reasons. The route of the highway takes it through the area of the Kresna Gorge but on both environmental and technical grounds, building the road on the surface is out of the question and the best solution is to construct a
Estimates now suggest that repairs to Chile's earthquake damaged infrastructure will cost the country's government in the region of US$1.2 billion. Meanwhile private highway operators are expected to pay an additional $200 million for repairs to links they manage.
