New expressway project awarded in China

The contract for a major new expressway project in China has been won by a consortium. The Guizhou Jianhe-Liping Expressway should cost close to US$1.9 billion to build and take three years to construct. The group handling the work comprises CRRC Kunlun Investment Group Co and divisions of China Railway Construction Corporation Limited (CRCC). The expressway deal includes a 30 year concession to operate the tolled. Link. The project is being handled under the PPP model that includes viable gap funding, equi
March 11, 2019 Read time: 1 min

The contract for a major new expressway project in China has been won by a consortium. The Guizhou Jianhe-Liping Expressway should cost close to US$1.9 billion to build and take three years to construct. The group handling the work comprises CRRC Kunlun Investment Group Co and divisions of 6590 China Railway Construction Corporation Limited (CRCC). The expressway deal includes a 30 year concession to operate the tolled. Link. The project is being handled under the PPP model that includes viable gap funding, equity cooperation, build-operate-transfer and engineering, procurement and construction.

Road Structures

For more information on companies in this article

Related Content

  • Three year programme for Ethiopia road projects planned
    January 18, 2017
    A new programme of works planned by the Ethiopian Roads Authority (ERA) will see the upgrading and surfacing of 372km of roads in the country. The ERA signed a series of contracts with a number of construction firms, both from Ethiopia and from overseas. The firms that will handle the road building activity are; Ethiopian Defense Construction, China Railway Engineering, China Wuyi, Eney Construction, Yotek Construction and FAL General Contractor. The programme of works is worth close to US$289 million in al
    Read More
  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More
  • Empresas ICA and CDPQ enter partnership for road projects
    April 17, 2015
    Mexican construction company Empresas ICA has entered a partnership with Canadian investment company CDPQ to carry out joint road projects in Mexico. Under the arrangement, subject to Mexican government approval, ICA holds a 51% interest in the partnership and CDPQ will pay US$197.17 million to ICA for its 49% equity share of the new business. The companies are planning four projects: the Mayab motorway, the Rio-Verde-Ciudad Valles motorway, the La Piedad bypass and the Acapulco tunnel. ICA carries
    Read More
  • Strabag secures US$2.23billion Italian motorway build project
    March 14, 2012
    The US$2.23billion (€1.7billion) contract to build the Pedemontana Lombarda motorway in northern Italy has been won by the Strabag consortium.
    Read More

Highlighted Content