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National Roadway No.105 (Lianping County North section)

Sector: Road • Location: China

Source: World Bank Group

Project
Cancelled

On 5 May 1997, New World Infrastructure signed a 25-year cooperative joint venture agreement for the development and operation of the Lainping County section of National Roadway No.105. An old roadway exists, but the JV company will construct a new road due to open at the end of 1998. The new roadway is a 33km dual 2-lane class-1 highway. NWI has a 51% stake in the project company, Heyuan Xinlian

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Project Information

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The project “National Roadway No.105 (Lianping County North section)” is an infrastructure initiative in the Road sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

cancelled

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Description

Description

On 5 May 1997, New World Infrastructure signed a 25-year cooperative joint venture agreement for the development and operation of the Lainping County section of National Roadway No.105. An old roadway exists, but the JV company will construct a new road due to open at the end of 1998. The new roadway is a 33km dual 2-lane class-1 highway. NWI has a 51% stake in the project company, Heyuan Xinlian Highway Co. Ltd. NWI invested US$ 3.82 million in equity and US$ 11.47 as a shareholders loan. Total project costs are US$29.98 million. New World disposed of its stakes in project in November 2000.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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