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
Read time: 1 min
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.
The Russian government is allocating an extra US$1.56 billion (RUB 51bn) for the construction of new airports and roads in FIFA World Cup 2018 host regions. The Russian transport system development programme for 2010-2020 is reported to have been amended accordingly. Of the overall new funding pot, $936.34 million (RUB 30.7bn) will be spent on road construction. The government is looking to attract private investors to contribute to the new road and airport works through public-private partnerships.
Bangladesh has formally signed a US$705 million deal with China Communication Construction to build a multi-lane road tunnel underneath the Karnaphuli River in Chittagong.
Road Transport and Bridges secretary Man Siddique along with the government’s Road Transport and Bridges minister Obaidul Quader signed the contract with Liu Qitao, chairman of China Communication Construction.
The signing took place in Beijing, according to a report in the Bangladesh newspaper The Independent.
In China a new 88km highway is planned that will connect Chengde with capital Beijing. The highway will connect Chengde in Hebei Province to Beijing's Pinggu district. The project will cost some US$1.32 billion. The route will feature a design speed of 100km/h. Construction work on the Chengde section of the highway is due to commence in 2014.
Construction procurement agreements have been signed with the authorities handling the Hong Kong-Zhuhai-Macau Bridge project. The project is worth US$11.56 billion and is is designed to have a lifespan of 120 years. The 50km bridge is planned to open for traffic in 2016 and will connect Zhuhai in China’s Guangdong Province with Macau and Hong Kong. Wuchang Shipbuilding Industry and China Railway Shanhaiguan Bridge Group have signed contracts in connection with the project. The bridge is designed to be able
