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.
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
Plans have been unveiled in China for a new mega highway project. A 452km link will is envisaged that will run from Panzhihua to Yibin New City in Sichuan. Because of the complex geography of the area, the highway will feature a total of 132 tunnels, which will measure 238km in all. The predicted cost of the highway is US$13.44 billion. The tunnels are a major reason for the high price of the project as they will increase the complexity of the work.
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).
