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.
A joint venture team is to carry out the key Zuidasdok project in the Netherlands. The Zuidplus joint venture team comprises the partners Fluor, Heijmans and Hochtief. The package of works includes widening the A10 South motorway, which includes an underground stretch, as well as the expansion of the Amsterdam Zuid station.
The design and construction contract is worth approximately €990 million, of which Fluor has a 42.5% share, Heijmans 15% and Hochtief 42.5%. The contract also includes seven years of
The tender process for a major new highway project in Argentina is expected to commence in 2017. The new highway will connect Santa Fe with San Justo and will measure 82km in length. The project is expected to cost in the region of US$166 million to construct, with funding being supplied by the Inter-American Development Bank. The schedule for the project has not been finalised and will not be clarified until the tender is awarded but construction work could commence during 2018.
One of the largest construction programmes in Europe is being carried out to get a Russian resort ready for the Winter Olympics. Patrick Smith reports. Daytime temperatures top 30°C in September, and with hundreds of shops and hotels, it is not difficult to see why Sochi has become Russia's premier holiday playground. The city, on the east coast of the Black Sea, near the border with Georgia, bustles with tourists, and this is boosted with delegates at the 9th International Investment Forum Sochi 2010.
