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.
Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme.
Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
A proposal for an orbital tunnel in UK capital London has been put forward and is now being evaluated. The plan calls for a 35km underground ring road in central London that would carry traffic around the city, in a bid to help reduce the capital’s current chronic congestion. Called the Inner Orbital Route, the tunnel project has an estimated cost of €36.8 billion (£30 billion) and would also include two new crossings of the River Thames. Transport for London (TfL) has been tasked with the job of evaluating
A court in the Algerian capital Algiers has sentenced two men to 10 years in jail for their part in a money laundering scheme relating to construction of the East West Motorway.
