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

  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
  • 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
  • Chinese expressway expansion works
    April 11, 2023
    Chinese expressway expansion works are underway.
  • Cost reductions on Russian highways
    July 12, 2012
    Major cost reductions are being seen on some key highway projects in Russia including the new ring road project in St Petersburg, where the reduction is US$192.31 million. The management of the ring road in St Petersburg has signed an agreement with the main contractors (Flora, the corporation Inzhtransstroy) to cut costs by 12-17.6% in 2009-2010. The 12% reduction is equivalent to US$32.05 million and will apply to contractors that are to complete facilities in 2009. Meanwhile the 17.6% cut is for work pla