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 report from insurance firm AIG warns that up to half of Colombia's 4G highway concessions could face financial hurdles due to over-estimated predictions of traffic flows. Colombia is at present putting out to tender its fourth generation (4G) concessions, which involve some US$25 billion in investment, reports Business News America. This investment is impressive and is Latin America's biggest move to expand and improve road infrastructure. But while many companies have shown interest and were prequalified
The tender process for a tunnel project on Bulgaria’s Struma Highway is now reopening. The project did go to tender earlier this year but has now had to be restarted following unexpected technical issues.
Paraguay’s Ministry of Public Works and Communications (MOPC) is this year said to be planning to invest US$500 million in the South American country’s roads.
The figure is said to be part of a proposed infrastructure investment of $7.66 billion for the period 2013-2016.
Among the 2014 road projects will be the estimated $84.46 million repair of Route 8 -72.9kms – put out to tender by the MOPC in December 2013. All bids must be submitted on 29 January 2014. Route number 9 -Transchaco- between Mariscal Est
