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’s Qinghai Province is setting out plans for major improvements to its road network. The authorities in Qinghai Province have set out a budget of US$28.97 billion for a series of road upgrades to improve the network, which will be carried out over the next five years. The province has already embarked on a series of road upgrades and by 2020, the aim is to boost the road network by 10,000km. The roads will feature concrete construction and the plan is to connect every township and village to the networ
The World Bank is offering Ethiopia a loan worth US$370 million for the construction of a new expressway. The Ethiopian Roads Authority (ERA) will use the loan to construct the 57km Batu Ziway-Arsi Negele section of the 203km Modjo-Awassa expressway. The loan will be repaid over 38 years with six years of grace period. The Modjo-Awassa expressway has four sections, with the 52km Arsi-Negele section to be funded by China EXIM Bank. Korea EXIM Bank will finance the 37km Meki-Ziway section and the African Deve
A new report from the US-based Freedonia Group suggests that China’s expenditure on construction will grow at around 8.5%/year until 2017. This will follow demand due to increasing urbanisation and industrialisation, as well as rising income levels. The continued investment by the Chinese Government in infrastructure will be another major factor in the growth in construction spending. But growth will be more moderate than the 16%/year seen during the 2007-2012 period. The Chinese Government had a stimulus p
China's Ji'an city is investing an impressive US$11.88 billion in developing transportation during the 12th Five-Year Plan, while the Asian Development Bank (ADB) is offering a loan worth US$200 million to China's Guangxi Zhuang Autonomous Region.
