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.
Work on a major road project in Ecuador now looks set to restart now that a financing package for the work has been determined. The Circunvalacion Norte ring road in the city of Cuenca is expected to cost US$520 million, with the plans calling for three lanes in either direction along a 6km section between Guangarucho and the Panamericana Norte motorway. The route will measure 50km in all and will be tolled, with the project now looking set to be carried out under a concession model. The project is not allo
Montreal will get its new Champlain Bridge just before Christmas, a date agreed upon by the Canadian government and the SNC-Lavalin-led consortium. The agreement settles an outstanding lawsuit that the Consortium had filed regarding costs increases of around US$186.5 million relating to the transportation of oversized parts and delays to the bridge's construction, according to media reports. Last month SNC-Lavalin, head of the Signature on the Saint-Laurent Group (SSL), had said that the bridge over the
