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.
Construction work on a new toll road connection is due to commence in Indonesia in mid-2019. The 120km road connecting Solo, Yogyakarta and Kulonprogo will be built by the Adhi Karya (ADHI) consortium. The project is costing an estimated US$1.25 billion and should take 36 months to complete. One of the most complex sections of the project will be for the 20km stretch of elevated highway. The new toll road will also provide a connection to the new Yogyakarta International Airport.
Strong interest is being shown in the construction sector in Chile for the project to build the Chacao Bridge. The tender process is due to open in the first half of 2013 and a large number of contractors, over 30, have already acquired terms and conditions of the works package. The construction project is expected to cost US$740 million.
Plans have been unveiled in China for a new mega highway project. A 452km link will is envisaged that will run from Panzhihua to Yibin New City in Sichuan. Because of the complex geography of the area, the highway will feature a total of 132 tunnels, which will measure 238km in all. The predicted cost of the highway is US$13.44 billion. The tunnels are a major reason for the high price of the project as they will increase the complexity of the work.
