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.
Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
China’s Guizhou Province is setting out a massive budget for road expansion to boost access to rural areas. This will see the construction of some 50,000km of roads in 2018. In all US$3.15 billion is being spent on road development. So far 35,000km of road projects are underway in Guizhou Province with nearly 9,400km of road jobs already having been completed. By the end of the second quarter of 2018, all of the planned projects within this programme of works will be underway or complete.
Zhejiang, Hunan and Hubei provinces in China are all planning huge highway development programmes. In all the work will cost over US$ billion. One of the key projects is for a stretch of the Tianjin-Shijiazhuang Expressway, which is due for completion at the end of 2019.
Huge highway investment plans have been established by the authorities in China’s Henan Province. The planned spending on highway construction in Henan during 2012 is some US$4.41 billion in all, which will see the highway network reaching a total of 6,000km. The authorities in the province have set a total transportation budget of some $7.27 billion for 2012.
