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.
Argentina’s Transport Ministry will carry out a major programme for road tenders at the end of 2016. In all work on 15,000km of road projects will be put out to tender. The total estimated cost of these works has yet to be revealed however. A new tender process is also underway for Argentina’s Route 3 project. The tender is for the completion of the highway, with 11 bids having been received. The project has a budget of US$145.2 million. The work on the highway is so far some 36% complete. The project had b
The European Investment Bank (EIB) is providing a loan worth €145 million that will help fund a key highway project in Slovenia. The loan is being given to the Slovenian state highway company DARS for the project to construct a 13km section of the Drazenci to Gruskovje highway. The total cost of the project is €303.4 million. The remainder of the financing required is being provided jointly by the EU and Slovenia itself. Construction work on the project is due to commence in 2015 and continue until mid-2018
