Chinese contractor Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in
the country.
May 15, 2012
Read time: 1 min
Chinese contractor 5544 Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in the country.
Huge investments are being made in major road construction projects for North Africa. The biggest is the 'Autoroute Transmaghrébine' highway, which is also Africa's largest ever road construction project. Once complete, the highway will connect the Maghreb states of Morocco, Algeria, Tunisia and Libya and will have a total length of 3,200km.
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 infrastructure expansion programme is in the process of transforming the country. Meanwhile its construction market is the largest in the world, comprising around 25% of the country’s US$11 trillion economy. However, slowing domestic growth in recent years has encouraged the Chinese Government to invest in key infrastructure projects in a bid to improve the country’s transport connections.
