China's Guizhou province has major plans for highway investment during the 2011-2015 time period. In all there are plans to develop some 2,993km of expressway.
March 2, 2012
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China's Guizhou province has major plans for highway investment during the 2011-2015 time period. In all there are plans to develop some 2,993km of expressway. The plans will require an investment of US$82.8 billion.
The contract for a major new expressway project in China has been won by a consortium. The Guizhou Jianhe-Liping Expressway should cost close to US$1.9 billion to build and take three years to construct. The group handling the work comprises CRRC Kunlun Investment Group Co and divisions of China Railway Construction Corporation Limited (CRCC). The expressway deal includes a 30 year concession to operate the tolled. Link. The project is being handled under the PPP model that includes viable gap funding, equi
Several major highway projects are being planned for Vietnam. The largest is for the construction of the North-South Expressway, which will improve transport connections for the country. Financing is being secured for the North-South Expressway, with some US$5.23 billion being secured. The Vietnamese Government will pay up to 39% of the cost of the work, with loans and private sector funding paying for the remaining 61%. Meanwhile a South Korean contractor will carry out a series of road projects in Can
Over the next 17 years, China will invest US$766.15 billion (CNY 4.70tn) to expand the country's major road network by over two times. By 2030, the length of roads in China is expected to total 5.8 million kilometres, with trunk ways and highways making up 7% of the total. Provincial and countryside roads are expected to account for 9% and 84% respectively. According to a road expansion blueprint approved in May 2013 by the State Council, the length of toll-free trunk ways and toll highways should by 2030 i
