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Roadway No. 321 (Wuzhou Section)

Sector: Road • Location: China

Source: World Bank Group

Project
Active

On January 28, 1997, New World Development (NWI) through its subsidiary, Great Star group Corporation, signed a 25-year joint venture contract for the development and operation of a toll road on the Wuzhou section of Roadway No.321. NWI installed 2 toll booths on the 13km dual 2-lane road. NWI expected an average traffic flow of 4,880 vehicles per day. NWI had a 60% stake in this project company,

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The project “Roadway No. 321 (Wuzhou 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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Description

Description

On January 28, 1997, New World Development (NWI) through its subsidiary, Great Star group Corporation, signed a 25-year joint venture contract for the development and operation of a toll road on the Wuzhou section of Roadway No.321. NWI installed 2 toll booths on the 13km dual 2-lane road. NWI expected an average traffic flow of 4,880 vehicles per day. NWI had a 60% stake in this project company, Wuzhou Xinwu Highways Ltd., and invested US$ 13.01 million in equity and debt. The other sponsor was the state-owned company, Guangxi Wuzhou Heng Tong Development Ltd., which owned the rest of the stake in the project company. None None

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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