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Roadway No. 1959 (Qingxin Section)

Sector: Road • Location: China

Source: World Bank Group

Project
Active

The project includes the construction of a new road and operation for 30 years. The contract was signed in August 1997 and the construction works were to be completed by November 1998, whereby the company will start charging toll rates. The project company is headed by New World Infrastructure through its subsidiary Achieve Success Ltd, which owns 79% of the shares (the remaining shares are held

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Project Information

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The project “Roadway No. 1959 (Qingxin 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

Sponsoring Agency

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Original status

active

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Description

Description

The project includes the construction of a new road and operation for 30 years. The contract was signed in August 1997 and the construction works were to be completed by November 1998, whereby the company will start charging toll rates. The project company is headed by New World Infrastructure through its subsidiary Achieve Success Ltd, which owns 79% of the shares (the remaining shares are held by Qingxin County Communications Construction Development Co., a state-owned enterprise). The toll road will have dual two lanes and two one-way toll collection. The expected traffic flow is 28,700 vehicles per day. Financial closure was achieved as follows: US$ 19.5 million in equity and US$ 4.9 million in loans. Both the national and the provincial government provide tax incentives. None None

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Original Currency

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Original budget

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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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