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.
Over the next 17 years, China will invest US$766.15 billion (CNY 4.70tn) to expand the country's major road network by over two times. By 2030, the length of roads in China is expected to total 5.8 million kilometres, with trunk ways and highways making up 7% of the total. Provincial and countryside roads are expected to account for 9% and 84% respectively. According to a road expansion blueprint approved in May 2013 by the State Council, the length of toll-free trunk ways and toll highways should by 2030 i
A series of major road projects in Guatemala now look set to go ahead. A US$340 million loan from the Brazilian National Development Bank (BNDES) will most likely fund work to widen the 131km Mayuelas-Puerto Santo Tomas de Castilla route to four lanes. A final decision on the financial package required for this project is due in September 2014. Meanwhile the tender process is opening for a 100km stretch of road running through El Rancho, San Agustin Acasaguastlan, El Progreso to Mayuelas, Gualan, Zacapa. Th
The last two tenders for Israel’s Road 531 project are now being published by the Israel National Roads Company. The tenders will form part of one of the largest single infrastructure projects ever planned in Israel. These two are for a complex series of works including a three storey interchange, underground crossings for railways and roads and relocation of the coastal line for Israel Railways. Also included in the works are the construction of two large water pumping stations and a series of paths for pe
