Kazan allocated US$263.14mn road repair budget for 2012
Kazan Mayor Ilsur Metshin said authorities would allocate US$263.14million to repair the city’s road network in 2012, compared to a total of $197.66million spent over the previous five years.
May 15, 2012
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Kazan Mayor Ilsur Metshin said authorities would allocate US$263.14million to repair the city’s road network in 2012, compared to a total of $197.66million spent over the previous five years.
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
Liebherr reports healthy business performance for 2012, despite tough trading conditions in some markets. Group turnover for 2012 rose 9.1% (€756.2 million) from the previous year and reached a record €9.09 billion, the highest in Liebherr’s history since the firm began operations in 1949. Meanwhile the company continued to invest in its operations with group investments totalling €854 million, an increase of 27.6% (€853.8 million) over the previous year. Meanwhile the workforce grew by 2,468 to some 37,80
The Chinese Government is to spend US $4.45 billion on transport infrastructure in 2012. Of the total, $ 789.59 million will go on rural road improvements, of which 88% will be used in the central and western regions of the country. A further $ 789.59 million is being spent on expressway development, with western and central regions receiving $ 442.17 million and $ 221.08 million respectively.
Political controversy is looming with the revelation that Romania's National Road Company (CNADNR) has spent some €1.5 billion on upgrading 2,800 km of roads since 2004.
