Work is now commencing on a new highway megaproject in China. The 204km highway will be built in China’s Hebei Province and will cost around US$4.09 billion to construct.
March 21, 2012
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Work is now commencing on a new highway megaproject in China. The 204km highway will be built in China’s Hebei Province and will cost around US$4.09 billion to construct. The project forms part of a network of expressways in Chengzhang.
Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
China’s Ministry of Transport has given the green light for construction of a US$1.67 billion highway in the eastern seaboard province of Zhejiang.
The project is for a 58km road linking Taishun County with Wencheng County, around the nearby city of Wenzhou.
Last month the ministry passed a feasibility study for the work which is set to start sometime next year.
China’s Fujian Province is increasing its transport development budget. The authorities in Fujian Province have set a budget of US$13.07 billion for transport development. The projects will include improvements in rural infrastructure, transport services, passenger interchange facilities, port projects, road construction, interstate projects and expressway projects.
