A total of US$1.89billion (CNY 11.97bn) has been allocated to build 51.47km of highways across the city of Shijiazhuang in Hebei Province, China. The feasibility report for the plan was recently approved by provincial authorities.
June 21, 2012
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A total of US$1.89billion (CNY 11.97bn) has been allocated to build 51.47km of highways across the city of Shijiazhuang in Hebei Province, China.
The feasibility report for the plan was recently approved by provincial authorities.
A series of highway projects have been budgeted for China’s Henan Province. In all some US$15.8 billion will be spent on 14 separate highway projects, which will stretch in excess of 1,000km in all. The projects are starting in 2022. The work includes building seven cross-provincial highways, three urban highways and two Zhengzhou City highways. They also include building two Beijing-Hong Kong-Macao Expressway diversion highways.
In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
Vietnam’s Belt Road Three project is being planned at present, with some of the financing still being sought. The route will run between Tan Van District and Nhon Trach District, crossing the Dong Nai River. The project is expected to cost US$2.46 billion to construct and will feature four lanes initially, with additional lanes being built in future phases. The 89.3km route has been approved and runs through the provinces of Binh Duong, Dong Nai and Long An, as well as through the outskirts of Ho Chi Minh
