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Hefei-Huainan National Highway 206

Sector: Road • Location: China

Source: World Bank Group

Project
Active

In July 1997, Road King Infrastructure signed two joint venture (JV) contracts for the upgrade and operation of the Dayang and Yangjin sections of the Hefei-Huainan Highway (National Highway 206) for 25 years. The 90-km (50-km & 40-km) super class II highway links Hebei, the capital of Anhui Province, with Bengbu, the second largest city. Road King obtained a 60% equity stake in the JV, in return

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The project “Hefei-Huainan National Highway 206” is an infrastructure initiative in the Road sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Description

Description

In July 1997, Road King Infrastructure signed two joint venture (JV) contracts for the upgrade and operation of the Dayang and Yangjin sections of the Hefei-Huainan Highway (National Highway 206) for 25 years. The 90-km (50-km & 40-km) super class II highway links Hebei, the capital of Anhui Province, with Bengbu, the second largest city. Road King obtained a 60% equity stake in the JV, in return for investment of HK$ 238 million (US$ 30.8 million). Road King funds its projects from internally generated funds and long-term debt. This includes a US$ 138 million syndicated loan and US$ 140 million 10-year fixed rate notes arranged in 1997. Toll collection on the road started in September 1997, at a standard toll of Rmb5/ton/vehicle. Maximum daily traffic reached 13,000 vehicles.

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