Skip to main content

Chinese investment

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.
February 6, 2012 Read time: 3 mins
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. In all China now has 3,400,000km of rural roads connecting 99.4% of the country's towns and villages, an important factor in meeting economic development plans.

China's Shaanxi province is planning a huge infrastructure investment worth a total of US$888 billion during 2010. Included are plans to improve and build new roads of 10,000km in rural areas and targets to complete parts or all of the 16 roads before the end of 2010. Work on highways measuring a total length of 1,000km will commence during this year. The Shaanxi Provincial Communication Construction Group aims to invest $2.545 billion on highway projects during 2010. Work on the Shanyang-Zhashui and the Dingbian-Wuqi highways in Shaanxi is due for completion by the end of 2010 and is expected to cost $29.28 million. Upgrading the Yan'an and Huangling highway will cost $29.29 million in 2010. Also, $58.58 million is being spent on building the Chaokoupu-Luonan highway, while $307.57 million will be invested in the Fugu-Shenmu highway, $439.4 million for the Suide-Yulin highway, $754.3 million for the Shaanxi-Shanghai stretch of the Shangzhou-Xi'an highway and $927 million for the Qinglan highway

Shandong province will invest US$6.78 billion on transportation in 2010, an increase of 20.1% over the sums spent in 2009. The province will spend a significant proportion on this budget on building 3,000km of new roads to bring its total network to 229,000km by the end of 2010. The projects in hand are expected to include 10 new highway construction deals during 2010.

2334 Hopewell Highway Infrastructure (HHI) is to invest an impressive US$ 1.55 billion in expressway projects and other building construction works in Hong Kong and China's Guangdong Province over the next six years. Some $202 million will be spent on building phase two and three of the Western Delta Route. This will be a tolled expressway in China's Pearl River Delta.

Meanwhile China's Jiangsu province plans to complete the upgrading of 1,600 unsafe bridges and improve 4,000km of rural roads. And some $17.57 billion will be invested by China in upgrading the transport network of the Guangxi Zhuang Autonomous Region during 2010. A considerable portion will be used to build 5,696km of rural roads, while works on 17 highways covering 1,927km will be continued and the building on 11 new highways spanning a total 1,318km will commence in 2010. And in the Ningxia Hui Autonomous Region, plans are in hand for the Guyaozi-Qingtongxia expressway project. This is expected to cost some $572.5 million, with the local authorities, bank loans and central government providing some of the funding and a finance package worth $250 million being provided by The World Bank.

For more information on companies in this article

Related Content

  • Key Chinese highway projects are planned
    July 12, 2012
    A series of key road and highway projects will boost China’s network. A series of rural roads will be constructed in Tibet autonomous region, with the investment totalling some US$1.9 billion. The plan is to build a total of 24,157km of rural roads and the investment will be made from 2012-2013. Meanwhile work is also commencing on a new highway in Fujian Province. The 74km southeast section of the Fuzhou Raocheng highway is expected to cost $1.98 billion to construct. An agreement over the project has been
  • Rural road revamp in China
    May 25, 2012
    The authorities in China's Shaanxi Province are working on a rural road improvement programme that will see existing links to outlying areas being upgraded and new transport connections being introduced. Some US$601 million has been budgeted for the work during 2010, with surfacing work being a key priority. In all Shaanxi Province aims to upgrade 10,000km of rural roads that connect to small communities and will also improve roads in the villages.
  • Work to start on Mianyang-Jiuzhaigou Expressway, China
    March 24, 2014
    Work on the new 218.5-kilometre Mianyang-Jiuzhaigou Expressway in Sichuan province, China is expected to begin later this year. Upon completion of the US$4.91 billion (CNY 30.58 billion) megaproject, the travel time from Chengdu city in the province to Jiuzhaigou via the expressway will take only 210 minutes. The expressway is expected to be completed within 60 months and is scheduled to be operational no later than 31 December 2018. Meanwhile, construction of the Ziyuan-Xing'an highway has fully started.
  • US$70.16bn to be spent on 500 major Sichuan projects in 2012
    April 23, 2012
    The Sichuan Development and Reform Commission plans to spend US$70.16billion on 500 major projects in the Chinese province during 2012. Work on 11 rail projects will begin in 2012. Of those, construction on a 99.27km section of the Kunming-Chengdu line and the 520km Guiyang-Chengdu are due for completion in 2017. This will follow the proposed 2015 completion of a 135.41km section of the Kunming-Chengdu line and the 99.09km Pujiang-Chengdu line, and the earmarked 2016 completion of the 510.5km Chengdu-Xi'an