Fujian invests US$1.45 billion on roads and highways in first two months

2012 03 31


SOUTHEASTERN Fujian province spent CNY9.14 billion (US$1.45 billion) on traffic infrastructure during the first two months of this year, the largest sum among eastern China provinces and the third in China, Xinhua reports.

The province spent CNY3.5 billion on road projects, taking up 18 per cent of the annual schedule, up 11 per cent year on year. As of end of February, there are 78 road projects totalling 1,037 kilometres under construction, accounting for 58 per cent of the annual target.

The CNY1.15 billion was invested on port and shipping projects. More than CNY1.03 billion was spent on terminals and CNY110 million was spent on navigational channels. Fifteen major projects, including the berth No 8 to No 10 at port of Xiamen's Zhaoyin port will cost CNY380 million.

Source Shipping Gazette - Daily Shipping News
 

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