US $1.2bn Zhoukou-Zhengzhou, China highway construction begins
Work has begun on constructing a US $ 1.2 billion 144km highway between Zhengzhou and Zhoukou in China. The highway has a designed speed of 120km/hour and a width of 28m.
September 11, 2012
Read time: 1 min
Work has begun on constructing a US $ 1.2 billion 144km highway between Zhengzhou and Zhoukou in China. The highway has a designed speed of 120km/hour and a width of 28m.
Plans for a cross-continent upgraded road were recently boosted when Chile’s senate approved construction of its share of a major US$1.6 billion tunnel in the Andes Mountains.
The Chilean approval comes after the Argentinian government gave the nod in March for construction on its section of the Agua Negra project. A tender for specific design work could be put out by September, according to the Argentinian newspaper Diario de Cuyo.
The approvals resolve a number of bilateral issues including taxation
Around US$1.82 billion (€1.34bn) may be spent improving Spain’s motorway network, according to an investment plan submitted to the Ministry of Development by Aseta, the national motorway operators’ association. Execution of the plan submitted on behalf of Itinere, Abertis and Ferrovial would be in exchange for an extension on the management contracts on their managed motorways, or a raise in toll charges. Works would start immediately and would create some 25,000 jobs. Itinere is preparing to invest €744 mi
Global US infrastructure firm Jacobs Engineering Group and one of its main rivals, CH2M, are to merge under a US$3.27 billion deal. In a written statement, Jacobs said it will acquire all of the outstanding shares of CH2M in a cash and stock transaction, including around $416 million of CH2M debt. CH2M had global revenue in the past 12 months of around $4.4 billion and about 20,000 employees. Its contracts are in the water, transportation, environmental and nuclear sectors.
