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.
Plans are in hand in China for construction of the Shenzhen-Zhongshan Corridor road project. This massive project is expected to cost in the region of US$4.8 billion to construct. The environmental impact report and design proposal for the project has been released by the Guangdong Provincial Transport Department. The feasibility report should be complete by March 2013 and this is expected to receive its approval by June 2014.
Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements.
Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparati
A number of major road and bridge projects are now commencing in China. In Sichuan Province an environmental impact assessment report is being carried out for the Jigzhi-Barkam highway project. Work is starting shortly on the highway, which will stretch 224km and is expected to cost US$4.3 billion to construct. The report is being carried out by the province’s Ecology and Environment Agency. This new highway will provide many challenges to construction due to the topography of the route and will feature 190
Five-year notes have been issued by China-based Shaanxi Province Highway Construction Group to raise USD$476.57 million (CNY 3bn). Shanghai Pudong Development Bank and China Development Bank will be the joint lead underwriters for the notes issue, launched on Monday January 14, 2013, with the latter also acting as a bookrunner. Of the total proceeds, $127.08 million (CNY 800mn) will be used as working capital. A further $111.2 million (CNY 700mn) will be used as project investment, and $238.28 million (CNY
