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

  • Cameroon’s new transport development plan
    February 10, 2022
    Cameroon has set out a new transport development plan.
    Read More
  • Plans in hand for major Ethiopian road programme
    September 22, 2014
    In Ethiopia plans are in hand for a series of major road projects. The Ethiopian Government has set out a programme of road building contracts to expand the country’s transportation network. The Addis Ababa City Roads Authority (AACRA) intends to build 600km of roads in the 2014/2015 fiscal year. This will extend Ethiopia’s road network from 4,671-5,275km. However AACRA still requires some £189.5 million to complete this project. So far AACRA has received US$305 million from Addis Ababa City Administration,
    Read More
  • New US$200 million ring road to be built in Belarus capital Minsk
    May 23, 2014
    Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion. The new road will measure some 85km long and will feat
    Read More
  • Chinese expressway tender
    March 24, 2023
    A Chinese expressway tender process is underway in Hebei Province.
    Read More

Highlighted Content