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.
Laos is evaluating its plans for the construction of a new expressway for the country’s capital, Vientiane. The project is expected to cost US$150-200 million. The planned route for expressway runs between Xaysettha district's Lao International Trade Exhibition and Convention Centre (Lao-ITECC) and Dongmakkhai village in Xaythany district. Construction of the 14km expressway is expected to commence later this year with its completion due in 2019. The new expressway will run parallel to the existing Kaysone
Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
In Indonesia the tender process is commencing for the new Balikpapan-Samarinda toll road. The project had faced earlier delays due to problems over land acquisition along the route. These have now been solved and the project should be getting underway in October 2014. The Indonesian Government is investing some US$215 million in the project, although the inner of the tender will also be expected to invest in the scheme.
