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Guangdong to spend 76.3b yuan on 5 expressways
By Zhang Jiawei (chinadaily.com.cn)
Updated: 2009-06-16 16:23 Guangdong plans to invest 76.3 billion yuan ($11.2 billion) to build five expressways in the province with the tendering process to commence soon, the Guangzhou Daily reported Monday. All five projects will be treated as a whole and be built under two contracts, according to the rules of the upcoming tender process. Each project is also scheduled to take three years to complete.
The expressway, upon opening to traffic, is expected to significantly shorten the travel time from Jiangmen to Luoding, as well as that from Zhongshan and Jiangmen to neighboring Guangxi Zhuang autonomous region. The other four will be located outside of the Pearl River Delta, totaling 632 km in length and costing 59.55 billion yuan. (For more biz stories, please visit Industries)
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