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.
In Qatar the Government intends to invest a healthy US$12.36 billion on upgrading and expanding the country's road network. This budget will be for the 2011-2015 period.
Three of China’s provinces, Jiangsu, Shanxi and Sichuan, have announced plans to invest in infrastructure expansion. Jiangsu Province has set an impressive infrastructure budget.
Some US$11.38 billion has been earmarked for transportation infrastructure projects during 2014. Of the total, $4.53 billion will be invested into road construction projects, while some $454.8 million will be targeted at the construction of civil airports.
In China plans are underway for a new expressway connecting Luohu and Futian districts in Shenzhen. The US$1.58 billion project still has to be approved by the authorities in Shenzhen city. Of note is the plan to build the majority of the 20.3km expressway as an underground road. Once it is complete, the new link is expected to reduce congestion in both districts. Meanwhile a subsidiary of China Communications Construction Company Limited (CCCC) has secured the LM2 section contract for the 20.5km Fanshi-Day
The authorities in Indonesia have set out extensive plans to source funding for new tolled highways. In all seven highway projects have been identified as crucial to expanding the network and improving connectivity for the Indonesian islands of Sulawesi, Java and Sumatra. Some US$25 billion in loans from overseas has been sourced by the Public Works Ministry of Indonesia.
