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.
The Association of Equipment Manufacturers (AEM) says that US construction machinery exports dropped 17.3% during the first half of 2014 compared with the same period for 2013. In all some US$8.93 billion in exports were shipped to global markets compared to $10.8 billion for first-half of 2013, according to US Department of Commerce data. The AEM off-road equipment manufacturing trade group produces global trends reports using US Commerce Dept. information to assist members’ business planning.
In China Chongqing municipality has announced plans to invest close to US$12 billion (74.5 billion RMB) in transportation developments in 2015. Chongqing plans to spend $5.97 billion (37.1 billion RMB) in road construction, including 5,000km of rural roads while three new highways are due for completion in 2015. Other transport investments including spending boosting the rail network in the city by 155km and developing civil aviation.
