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).
The China-based Asian Infrastructure Investment Bank and the Philippines-based Asian Development Bank will co-finance a 64km highway project between Khanewal and Shorkot towns in Punjab province of Pakistan.
A report in Japan Today said that ADB had approved a €88.85 million loan for the project. AIIB will likely get board approval for its nearly €89 million this month. A grant for the project worth nearly €34 million is being extended by the UK’s Department of International Development.
The Pakistan
Upgrade work is now underway on a key section of National Road No3 in Cambodia. The 134km stretch connects Kamput with Bek Kus and the work will cost US$200 million. The Cambodian Government has budgeted to carry out the upgrade work. The financing for the project is backed by a loan from China, as is the project to build a 187km ring road around Phnom Penh.
