Shandong, China gets US$815.48mn for 2012 roads development

China's Shandong province has set aside US$815.48million (CNY 5.16bn) for road developments in 2012, up 10.44% from its road development allocation in 2011. It will see Shandong's road network reaching 245,000km, according to its 2011-2015 plans. The financial department of the province disclosed that the funds will be mainly used for safety construction, equipment purchase, road expansion and maintenance.
June 25, 2012 Read time: 1 min
China's Shandong province has set aside US$815.48million (CNY 5.16bn) for road developments in 2012, up 10.44% from its road development allocation in 2011.

It will see Shandong's road network reaching 245,000km, according to its 2011-2015 plans. The financial department of the province disclosed that the funds will be mainly used for safety construction, equipment purchase, road expansion and maintenance.

Related Content

  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • China’s Shaanxi province to boost transportation investment by 22%
    July 13, 2015
    China’s northwest province of Shaanxi plans to increase its spending on highways by 22% to nearly US$8.9 billion, according to an official statement. World Highways reported last year that Shaanxi was to spend nearly $5.8 billion in 2014. Of the total, nearly $5.8 billion has been allocated for five highway construction projects totalling 261km. Within 2015, there will be 600km of new highways in the province, raising the total highway length to over 5,000km by the end of 2015. Meanwhile, 11 new
    Read More
  • China opens record-breaking bridge
    February 22, 2012
    China has opened the world's longest bridge over water, the 41.58km Jiaozhou Bay Bridge, which is said to have cost well over US$2 billion to build. It links the eastern port city of Qingdao to Huangdao Island across Jiaozhou Bay and is 4km longer than the previous longest bridge over water, the Lake Pontchartrain Causeway in Louisiana, USA. Opened in June, 2011 after four years of construction, the link is expected to carry some 30,000 vehicle/day and will reduce travel time by 30 minutes, although it is o
    Read More
  • China opens record-breaking bridge
    May 8, 2012
    China has opened the world's longest bridge over water, the 41.58km Jiaozhou Bay Bridge, which is said to have cost well over US$2 billion to build. It links the eastern port city of Qingdao to Huangdao Island across Jiaozhou Bay and is 4km longer than the previous longest bridge over water, the Lake Pontchartrain Causeway in Louisiana, USA. Opened in June, 2011 after four years of construction, the link is expected to carry some 30,000 vehicle/day and will reduce travel time by 30 minutes, although it is o
    Read More

Highlighted Content