In China, 80,000km of new roads are planned to be constructed in 2013 as part of a huge investment in new transport infrastructure. During 2012, 58,672km of roads, including 9,910 km of highways, were constructed in the country.
March 15, 2013
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In China, 80,000km of new roads are planned to be constructed in 2013 as part of a huge investment in new transport infrastructure. During 2012, 58,672km of roads, including 9,910 km of highways, were constructed in the country.
The significance of this year’s Bauma China exhibition in Shanghai has been highlighted by new figures showing that China invested US$220.27 billion (RMB 1.346 trillion) in civil engineering and infrastructure projects in the first six months of 2013 – with the National Bureau of Statistics of China claiming a year-on-year increase of more than 21%.
The largest share of H1 2013 investment went into road-building, with Bernd Schaaf of Germany Trade & Invest (GTAI), Germany’s economic development agency, rep
The Ministry of Transport and Infrastructure (MTI) in Nicaragua plans to build more than 200km of new roads during 2014. The MTI reportedly has a budget of US$151.87 million (NIO 3.88 billion), of which $58.44 million (NIO 1.5 billion) belongs to the Treasury. One 10km project originally earmarked for 2013, the Malpaisillo-Mina El Limon road, will be carried out in 2014. The 28km Nejapa-Empalme de Puerto Sandino scheme is also said to be under development.
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
In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
