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
Read time: 1 min
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 car rental market is set to record a 17% increase in revenue during 2015 to US$6.33 billion (CNY 39bn) compared to 2010, according to Roland Berger Strategy Consultants. The country's top rental firm, China Auto Rental, is expected to be offering more than 100,000 cars by 2018. The firm recently launched a strategic plan to 2018. In June 2013, China Auto Rental hired world famous football player David Beckham as the company's ambassador. The car rental services provider currently offers 55,000 cars
Malaysian construction firm WCT has secured a contract worth US$319.69 million (MYR 1bn) for the construction of a 44.75km expressway in Oman. According to a statement, WCT will be undertaking the project through a joint venture with Oman Roads Engineering within a period of three years.
The Ugandan Government is planning to launch a tender to build a six-lane highway that will stretch 77km and connect Kampala with Jinja. Costing in the region of US$800 - $1 billion, work is due to commence in 2015. The project will be carried out under the PPP model with the International Finance Corporation (IFC) acting as the project's transaction advisor. Meanwhile Uganda is also building a 51km tolled road between Kampala and Entebbe International Airport, which will be partly funded by China’s Exim Ba
