Construction starts on Yichang section of China’s Yichang-Yueyang expressway
Construction works have begun on the Yichang section of China’s new Yichang-Yueyang expressway. Covering 51.8km, the Yichang expressway section will cost around US$613.35 million (CNY 3.82bn).
January 4, 2013
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Construction works have begun on the Yichang section of China’s new Yichang-Yueyang expressway. Covering 51.8km, the Yichang expressway section will cost around US$613.35 million (CNY 3.82bn).
China has long been an important market for Caterpillar, which first began operating in the country in the early 1970s following talks between China and the US. Its first equipment in China was for generators to power a communications system supplied to China by the US following the talks. The company also worked closely with LiuGong as part of a technology transfer agreement, which highlights Caterpillar’s focus on China. The global crisis has not been an easy time for any construction equipment manufactur
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The Vietnamese Government is prioritising construction of the country’s North-South expressway project. Contractors are already being selected for the 11 sub-projects for the expressway, which is expected to come with a final pricetag of US$5.09 billion. The 2,100km route is being built in three separate phases and links 32 of Vietnams cities and provinces. The first 650km section will be complete by 2020. The other sections should be ready for traffic by 2025.
