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).
Lebuhraya Borneo Utara, the project delivery partner for Malaysia’s Pan Borneo Highway project, has awarded a US$317.5 million contract to a joint venture of local Sarawak state firms. The 70:30 partnership of KKB and WCT will rehabilitate and upgrade the Sungai Arip Bridge-Bintulu Airport Junction section of the highway. Piling works, earthworks, geotechnical, drainage, roads, pavings, as well as demolition and site clearance are all part of the contract, said WCT.
Work is expected to take four years an
A report by US-based research specialist the Freedonia Group highlights the continuing strong growth in the Chinese construction market. According to Freedonia’s report, construction expenditure in China will increase 8.8%/year in real terms throughout 2016. Although this growth will slow slightly from the rapid pace seen during 2006-2011, the country will continue to outperform other major national construction markets. This will be driven by urbanisation and industrialisation, rebounding foreign investmen
