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Roadway No. 1969 (Gaoyao Section)

Sector: Road • Location: China

Source: World Bank Group

Project
Active

In August 1996, New World Infrastructure (NWI) signed a 28 year jv contract with the SOE, Gaoyao CIty Highway Development Co, to build and operate a 27km toll road connecting Zhaoqing with Gaoming, Heshan, Jiangmen and Zhuhai. At the time of signing, the dual 1-lane road was expected to take one year to build and to become operational in early 1998. NWI has a 58% stake in the project and invested

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The project “Roadway No. 1969 (Gaoyao 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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active

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Description

Description

In August 1996, New World Infrastructure (NWI) signed a 28 year jv contract with the SOE, Gaoyao CIty Highway Development Co, to build and operate a 27km toll road connecting Zhaoqing with Gaoming, Heshan, Jiangmen and Zhuhai. At the time of signing, the dual 1-lane road was expected to take one year to build and to become operational in early 1998. NWI has a 58% stake in the project and invested US$ 8.07 million - US$ 3.23 million as equity and US$ 4.84 as a loan. The total project cost US$ 11.53 million, with the PRC partner contributing US$ 3.46 million. Average traffic flow for the first year was predicted at 5,000 vehicles per day, and average tarriff Rmb 7.9 per vehicle.

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Source reliability

High

Data quality score

100%

Source

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URL

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