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 Indian Government has set out plans to award highway projects worth at least US$8.84 billion during the next fiscal year. These projects will be offered under the hybrid annuity model, according to a report in the Economic Times. KPMG has stated that some 21 projects for a total of 1,500km and worth close to a third of that sum will be granted by the Indian Government in the current fiscal year. India’s Ministry of Road Transport and Highways has sought budgetary support from the Ministry of Finance an
A new highway project is planned for Cambodia that will improve transport connections to and from its capital, Phnom Penh and the coastal area, Preah Sihanouk. Construction is scheduled to commence in November 2018, with the 190km route expected to cost in the order of US$1.8 billion. The Cambodian Government is managing the project itself, through the Ministry of Public Works. Once the highway is complete it will provide an improved transport link between Phnom Penh and the port of Sihanoukville.
