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.
Both Ho Chi Minh City (HCMC) and Hanoi in Vietnam are to benefit from new transport infrastructure. For HCMC, as much as $39.6 billion will be required to deliver all of the 85 transport infrastructure projects being planned. Severe congestion and flooding are frequent problems causing major traffic hold-ups. Of the 85 transport projects needed for the city, 15 are for the construction of new roads while 55 are for road/bridge works. A further eight are for rail links and seven for waterways.
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Tenders for two expressway projects in Thailand will open by mid-2018. The projects are worth around US$1.5 billion in all. The tender process is being handled by the Expressway Authority of Thailand (Exat). Construction of one of the expressways should commence by late 2018 and the route would then be open to traffic by the end of 2021, if all goes to plan. The 10.5km expressway will connect the N2 Nawamin Road with the Kasetsart intersection and will be tolled, with a project traffic volume of 80,000
