Chinese Government to spend US $ 4.45 billion on transport infrastructure in 2012

The Chinese Government is to spend US $4.45 billion on transport infrastructure in 2012. Of the total, $ 789.59 million will go on rural road improvements, of which 88% will be used in the central and western regions of the country. A further $ 789.59 million is being spent on expressway development, with western and central regions receiving $ 442.17 million and $ 221.08 million respectively.
October 8, 2012 Read time: 1 min
The Chinese Government is to spend US $4.45 billion on transport infrastructure in 2012.

Of the total, $ 789.59 million will go on rural road improvements, of which 88% will be used in the central and western regions of the country.  A further $ 789.59 million is being spent on expressway development, with western and central regions receiving $ 442.17 million and $ 221.08 million respectively.

Related Content

  • Chinese Government plans major bridge project
    March 14, 2014
    Plans for a major new bridge project have been given the go-ahead by the Chinese Government. The project calls for the construction of a second bridge spanning Hangzhou Bay. The new bridge will provide a more direct connection between the economically important cities of Ningbo in Zhejiang Province and Shanghai. The project looks likely to cost in the region of US$2.95 billion to construct, including the connecting roads. The bridge will shorten the travel distance between the cities from 200-160km.
    Read More
  • EU Commission adopts plan for €50 billion boost to European networks
    May 2, 2012
    The European Commission has tabled a plan which will fund €50 billion (US$68.7 billion) worth of investment to improve Europe's transport, energy and digital networks. It has also announced the Europe 2020 Project Bond Initiative which will be one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects.
    Read More
  • Japanese funding will help Kenyan infrastructure projects
    May 15, 2014
    Major investment in Kenya’s infrastructure from Japan will help boost the country’s transport connections and develop its economy. One of the key links for Kenya to benefit has been the Nairobi Western Ring Roads Project, which was recently opened to traffic Named the Cotton Road after a Japanese engineer, this new road will help tackle the Kenyan capital’s endemic congestion problems. Endless traffic jams have become the norm in Nairobi, not only impacting negatively on the health and productivity of r
    Read More
  • Siberian spending on road infrastructure
    October 7, 2014
    A budget in excess of US$1.09 billion has been set for road infrastructure spending in Russia’s Krasnoyarsk Region (Siberia). The funds will be used to widen, upgrade and repair road links over the next three years. In all the plans call for more than 1,000 km of roads and 62 bridges to be repaired during the 2015-2017 period.
    Read More

Highlighted Content