The authorities in the Russian city of St Petersburg plan to invest heavily in transport infrastructure. A budget of US$59.24 billion in all has been projected for the necessary work. Final approval has to be given for the budget at this stage.
June 13, 2012
Read time: 1 min
The authorities in the Russian city of St Petersburg plan to invest heavily in transport infrastructure. A budget of US$59.24 billion in all has been projected for the necessary work. Final approval has to be given for the budget at this stage.
Close to US$13 billion of road projects are being planned by the authorities in Ho Chi Minh, Vietnam. The Ho Chi Minh (HCM) City Department of Planning and Investment is looking for funding for 19 year road projects. The city is seeking approval to go ahead with urgent public projects, especially those for reducing the impact of flooding and better traffic management. The city authorities are planning the bidding process for the projects, which will be carried out in the build-operate-transfer, build-transf
China plans to set up an “international court” for settling disputes among companies participating in Belt and Road transportation infrastructure work, according to Chinese media. The Global Time newspaper – with strong links to the communist government – reported that Chinese companies are facing more foreign-related lawsuits as they step up investment and business in countries covered by Beijing’s Belt and Road Initiative. The report called Belt and Road “a brainchild of Xi”, referring to Xi Jinping
