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

  • Highways Agency’s 57 road improvements set to give £3bn boost to UK economy
    October 8, 2012
    The Highways Agency is to deliver 57 vital road improvements said to equate to a near US $ 4.83 billion (£3bn) boost to the UK economy. The $ 274.25 million (£170mn) investment is part of a $ 350.07 million (£217) million programme to remove bottlenecks and keep traffic moving on England’s motorways and major A roads. Many of the improvements will be delivered in 2013 and 2014, and they will all be completed by March 2015. The announcement brings the total number of schemes to receive investment from the Go
    Read More
  • World’s largest bridge deck for KAIA expansion
    December 16, 2013
    A bespoke formwork solution from RMD Kwikform is playing a key role in creating the largest ever airport cast bridge deck as part of the multi-billion dollar expansion of King Abdulaziz International Airport near Jeddah, Saudi Arabia. The firm is also a leading player in the creation of arterial tunnels under the airport’s elevated roads, another key part of the project’s first phase works due for completion in 2014. Guy Woodford reports
    Read More
  • New northern relief road for Moscow
    August 20, 2015
    New Concession Company to build northern relief road of Moscow Kutuzov Avenue – Eugene Gerden writes New Concession Company has won a tender for the building of the Northern relief road of Kutuzovsky Avenue, a major radial avenue in the Russian capital Moscow. The firm is part of Leader company (one of Russia's largest management companies), owned by Yuri Kovalchuk, a well-known Russian businessman, who is reportedly close to Russia’s president Vladimir Putin. It is planned that the building of the n
    Read More
  • Uzbekistan to take out further road building loans
    February 15, 2016
    Uzbekistan will take out a US$405 million loan with the Asian Development Bank in the second half of this year for completion of a motorway from Central Asia to China. ADB will provide three loan in three tranches. Last autumn, Uzbekistan said it will target of 2,700km of new highways by 2019 at a cost of around $590 million. Around 2,280km will have a bituminous concrete surface and 418km will be a concrete surface. Uzbekistan has been setting out a major plan for road repairing, rebuilding and up
    Read More

Highlighted Content