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.
The complete financing for the Autopista al Mar 1 highway project in Colombia has now been secured. Loans of US$713 million from eight banks, seven of which are international institutions, will pay for the PPP project. Firms involved in the project include the Austrian contractor STRABAG and the Spanish firm Sacyr, as well as the local company CONCLAY. Construction work is well underway for the project, which is around 30% complete. Once the highway opens for traffic, it will improve transport and trade in
Delays now look likely to affect the construction programme for Chile’s Chacao Bridge project. The US$740 million bridge project, long in planning, has been delayed on previous occasions for a number of reasons. The tolled link will connect Chiloé Island with the Chilean mainland in its Region X once complete. This 2.6km link will become South America’s largest suspension bridge although its opening will reduce journey times considerably over 25-45 minutes taken by the ferries used at present to link with C
Construction work on a 48km section of road connecting Tizi-Ouzou with Algeria’s East-West motorway is due for completion in 2016. The work is costing close to US$960 million, according to the Algerian Public Works Ministry. In addition, construction work on a road connecting Aïn El Hammam with Draâ El Mizan is now commencing while the Algerian Public Works Ministry has said that the Northern Bypass will be completed as planned by the end of March 2015. Several of the country’s planned road infrastructure p
