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.
Tunnel construction in Chilean capital Santiago will help cut chronic congestion – Mauro Nogarin & Mike Woof write. Chile’s capital Santiago is a thriving city having benefited from the country’s economy growing strongly in recent years. The massive copper mining sector has helped boost the country’s GDP significantly in the past few decades, also aided by the growing international reputation of Chile’s large wine industry. The steady economic growth has resulted in an equally steady growth in average incom
A major new highway link in Chile is now open to traffic. Sacyr Concesiones opened the 103.4km highway that connects the cities of Concepción and Cabrero. The link is located in Chile’s Bio Bío Region and cost US$360 million to develop, while it is expected to generate some $1.027 billion throughout the length of the concession period.
Work to build the highway started in June 2012 and the link is intended to improve connectivity between Concepción and Cholguán in the Bio Bio Region, and will also join w
