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 colossal road construction plan has been revealed by China’s Yunnan Province. The authorities have revealed that the new infrastructure programme calls for the addition of a further 1,500km of highways. To achieve this, a budget of some US$24.17 billion has been set for the 2014-2015 period. With this road development programme in place the authorities have estimated that by the end of 2015 the province will have a highway network comprising some 4,500km in total.
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
The China-based Asian Infrastructure Investment Bank and the Philippines-based Asian Development Bank will co-finance a 64km highway project between Khanewal and Shorkot towns in Punjab province of Pakistan.
A report in Japan Today said that ADB had approved a €88.85 million loan for the project. AIIB will likely get board approval for its nearly €89 million this month. A grant for the project worth nearly €34 million is being extended by the UK’s Department of International Development.
The Pakistan
A total of US$1.01 billion (MXN 12.91bn) will be allocated from Mexico’s 2013 federal budget for 783 road work projects across 31 states. Chiapas will receive the largest amount at $73.64 million (MXN 940mn) for 64 projects-; followed by Guerrero’s $69.8 million (MXN 891mn) - and Hidalgo $63.92 million (MXN 816mn). The road work projects do not include any works planned for Mexico City.
