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Gaoming Bridge

Sector: Road • Location: China

Source: World Bank Group

Project
Active

On 4 July 1996, New World Infrastructure (NWI) through its subsidiary, Phonic Investments Ltd., signed a 25 year joint venture contract with the Foshan City Gaoming District Transportation Infrastructure Co., Ltd.,for the construction and operation of the 1.1km Gaoming Bridge. The bridge linked Gaoming and Nanhai to the eastern part of the Pearl River Delta. NWI had a 51% share of the joint ventur

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The project “Gaoming Bridge” is an infrastructure initiative in the Road sector, located in China. Taiyo aggregates data on it from World Bank Group.

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active

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Description

Description

On 4 July 1996, New World Infrastructure (NWI) through its subsidiary, Phonic Investments Ltd., signed a 25 year joint venture contract with the Foshan City Gaoming District Transportation Infrastructure Co., Ltd.,for the construction and operation of the 1.1km Gaoming Bridge. The bridge linked Gaoming and Nanhai to the eastern part of the Pearl River Delta. NWI had a 51% share of the joint venture company, Foshan Gaoming Xinming Bridge Co., Ltd., and invested US$9.22 million in the project (US$ 3.69 in equity and US$ 5.53 as a loan). The state-owned company held the rest of the share. The bridge opened for operation in November 1996. The first year (1996-97) toll was estimated at Rmb 5.7 per vehicle and average traffic flow at 10,000 vehicles per day. None None

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Source

Source reliability

High

Data quality score

100%

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