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 major plan for infrastructure is being put forward for Chile. Chile's Construction chamber (CChC) has presented a plan for some US$40 billion in infrastructure improvements to the new Chilean Government. The CChC has highlighted the concession model as being the most effective tool for encouraging private investment in infrastructure. The CChC suggests that Chile has a critical need for infrastructure development, but a serious shortfall of public funds according to a report by Business News Americas. Roa
Successful talks have been held between Chile and Argentina with regard to the Agua Negra Tunnel that will link the two countries. The project looks set to cost US$1.37 billion to construct, according to Business News Americas. The majority of the planned route, 72%, lies in Argentina and the country will provide the bulk of the funding required; some $986 million. Chile will provide the remaining $384 million. The agreement was struck between the Publics Works Ministries of the two countries. Further detai
In Chile the authorities are working on plans to improve transport links between capital Santiago and the nearby port of Valparaiso. The Chilean Ministry of Public Works intends to widen the existing Route 68, the main road connecting the Metropolitan and Valparaiso regions. The project will increase the road's capacity by at least 30%. Spanish contractor Abertis will work on the expansion, which includes includes the construction of a third tunnel in Lo Prado. The tunnel should improve traffic flow around
Work is now well in hand in India on the plans to construct a new highway connecting capital Delhi with Jaipur in Rajasthan. The new highway will measure some 195km long, cutting the route between the two cities by around 40km. The highway will feature six lanes, with three in either direction, and will be tolled. The National Highways Authority of India (NHAI) is at present handling the land acquisition process, a task that can be complex in India. The route runs through 423 villages in seven districts and
