China Speeding-Up Highway Construction (Plus, a few of the players.)
China will add 2370 kilometres of neww highways tis year, including 800 kilometres (500 mi.) of expressways and 540 kilometres of high-grade roads, Minister of Communications Huang Zhendong announced in a work conference Wednesday, China Daily reported.
According to the plan, seven major national arteries will be finished by the end of the century. They include Beijing-Zhuhai, Shenyang-Shanghai, Tongjiang-Sanya, Lianyungang-Horgas, Shanghai-Chengdu and Chingqing-Beihai.
Some highway bridges will be slated for construction this year -- bridges over the Yangtze River in Jiangyin and Nanjing; Jinan Yellow River bridge and Xiamen's Haicang Bridge.
China's transportation bottleneck remains, but conditions are improving and expected to meet the need of economic and social development by 2020. By the middle of next century, China will have a modern transportation network, Huang said.
1-16-98
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Who are some of the players?
Cheung Kong Infrastructure
GZI Transport
New World Infrastructure
Road King Infrastructure
Zheijang Expressway
The PRC is continuing to fund their national highway transportation system through equity offerings. Yes, quite unlike here in the U.S. where debt would be used. |
