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
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 of the country.The news brought a flurry of trading on the Chinese stock market, seeing share price gains for various major Chinese construction equipment manufacturers including
Work has begun on constructing a $ 1.2 billion 144km highway between Zhengzhou and Zhoukou in China. The highway has a designed speed of 120km/hour and a width of 28m. And Chinese contractor
China's Xinjiang region, the G30 Sailimu Lake-Wusu highway renovation and the Kashgar-Aksu highway construction projects have been approved by the regional authority. The 301km Sailimu Lake-Wusu highway renovation is scheduled for completion by the end of October 2013, following an investment of $631 million.
The 429.5km Kashgar-Aksu highway will cost $1.94 billion, with work on it due to finish in 2015.
budgeted for the two year build. On completion, the bridge will span 6.6km.
