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

  • Saudi Arabia’s growth and infrastructure investment
    August 28, 2013
    Of all the fast-growing economies of the Arabian Gulf region, Saudi Arabia is by far the largest in terms of population and gross national product. Due to rising oil prices and increased foreign investments, Saudi Arabia's national economy has grown exponentially over the last ten years - having doubled in size since 2002 to $481.6bn. With a surface area of 2,150,000km2 (roughly equivalent to one quarter of the surface area of the continental United States), Saudi Arabia has a much greater need for high
    Read More
  • China’s rising construction equipment sector in focus at CONEXPO
    February 13, 2017
    In recent years, China construction machinery industry has made great achievements, a fact that will be featured at this year's CONEXPO-CON/AGG. China’s Chamber of Commerce for Import and Export of Machinery and Electronic Products and the China Construction Machinery Association will introduce China construction machinery industry at its booth, G2116A. Chinese construction equipment makers are the world’s largest producers of mobile cranes, wheeled loaders, excavators and now also concrete pumps than
    Read More
  • Vietnam’s Ho Chi Minh City needs over US$600mn for roads in 2014, claims city’s DOT
    February 11, 2014
    More than US$617 million (VND 13 trillion) will be required by Vietnam's Ho Chi Minh City for road construction and repairs in 2014, according to a national newspaper quoting the city's Department of Transport. Ho Chi Minh City needs the money to fulfil plans to construct 10 new bridges and 45km of road covering 397,000m². Of the total funding demand, $108.27 million (VND 2.3 trillion) will be official development assistance (ODA) loans, while $329.54 million (VND 7 trillion) will come from Ho Chi Minh Cit
    Read More
  • Rwanda highway Rwanda's major highway construction aids regional integration
    May 8, 2012
    Shem Oirere reports on plans for a major highway to Rwanda to other parts of Africa Construction of a 78km highway stretch that links Rwanda to the rest of Eastern Africa will start in May. State Minister in Charge of Transport Dr Alex. Nzahabwanimana said the contract for the US$54 million project has already been awarded to German construction company Strabag International.
    Read More

Highlighted Content