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.
Panama has postponed the tender process for the fourth bridge crossing over the Panama Canal. This is the fourth time the fourth bridge crossing tender has been postponed. Panama’s Ministry of Public Works (MOP) opted to postpone the tender due to changes in the guidelines. The bridge will have six lanes for motor vehicles as well as twin tracks for metro rail and is expected to cost US$1 billion to construct.
Chile’s Ministry of Public Works is investigating its options with regard to an alternative road to Route 68. The road connects capital Santiago with the country's fifth region. The new road is one of several projects listed in the road concessions packages set out by the Ministry of Public Works for 2020. An upgrade to this road link is required as Route 68 suffers heavy congestion at peak periods and particularly over long weekends or holidays. The project could cost in the region of US$200 million in all
