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.
Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
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
LafargeHolcim has been awarded infrastructure contracts worth more than US$73.5 million as part of a major Highway 1 improvement project in Vancouver, Canada.
Russia will spend some of its revenues from its oil industry on improving its road network. Some 350km of Federal Roads were built in Russia in 2011 and 230km of Federal Roads have been constructed in Russia so far during 2012. Spending on Russia’s Federal Roads was US$$12.7 billion during this year. The investment in Russia’s Federal Roads is expected to increase to $14.6 billion in 2013, and to $16.6 billion by 2015. The work is needed as just 30% of Federal Roads currently meet requirements. And in capit
