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 current Paso de Agua Negra is the highest border crossing between Chile and Argentina. On the Argentine side, the Agua Negra Pass is located at 4,765m above sea level and 260km from the city of San Juan in the province of San Juan in the north-west of the country. On the Chilean side, the pass lies 229km from the city of La Serena in the Coquimbo region. The pass can be accessed from the Argentine side via National Highway No 150 from the province of La Rioja, which runs for a total of 390km. From the C
The bidding process for the Agua Negra Tunnel project that will link Chile with Argentina looks set to commence in July or August 2016. The bidding is being organised jointly by the governments of both Chile and Argentina. One source of funding for the project is also now secured, with a loan of US$1.5 billion being provided by the Inter-American Development Bank (IADB). In addition the IADB has also approved $20 million in funding for Chile and Argentina to finance the project's environmental impact studie
