Two Chinese provinces set ambitious plans

Plans are now well in hand in China's Hebei and Zhejiang Provinces to build new highway connections and boost transport infrastructure. In Hebei Province a total of 12 highway projects worth an impressive US$9.66 billion will commence in 2011. These new highways will add a total of 852km to the network of the province. In addition, the authorities in Hebei Province are detailing additional plans to continue to develop the highway network with a target set of 6,762km in total by the end of 2015.
March 5, 2012 Read time: 1 min
Plans are now well in hand in China's Hebei and Zhejiang Provinces to build new highway connections and boost transport infrastructure. In Hebei Province a total of 12 highway projects worth an impressive US$9.66 billion will commence in 2011. These new highways will add a total of 852km to the network of the province. In addition, the authorities in Hebei Province are detailing additional plans to continue to develop the highway network with a target set of 6,762km in total by the end of 2015.

Meanwhile in Zhejiang Province, the Wenzhou Communications Investment Group will benefit from a syndicated loan that will partly fund two road projects. The $4.77 billion loan will be used to build the Wenzhou section of Ningbo-Taizhou-Wenzhou Expressway and the Wenzhou extension section Zhuji-Yongjia Expressway. The syndicated loan is led by the Bank of China along with the 2621 China Development Bank.
Highway & Network Management

For more information on companies in this article

Related Content

  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
    Read More
  • Chinese expressway expansion works
    April 11, 2023
    Chinese expressway expansion works are underway.
    Read More
  • Chinese investment in infrastructure
    April 24, 2014
    Three of China’s provinces, Jiangsu, Shanxi and Sichuan, have announced plans to invest in infrastructure expansion. Jiangsu Province has set an impressive infrastructure budget. Some US$11.38 billion has been earmarked for transportation infrastructure projects during 2014. Of the total, $4.53 billion will be invested into road construction projects, while some $454.8 million will be targeted at the construction of civil airports.
    Read More
  • Chinese infrastructure growth
    May 23, 2014
    Plans are in hand for transport expansion in China. This includes major works in the Chinese provinces of Hubei and Hebei as well as the city of Yibin. In Hubei province the infrastructure programme calls for 6,500km of highway to be complete by the end of 2015. Hubei Province has spent US$17.07 billion in the first three years of the 12th Five-Year Period (2011-2015) on highway construction. At the moment, 2,278km of highway is under construction in the province. Meanwhile Hebei Province plans to spend $3.
    Read More

Highlighted Content