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An expressway project leading from a popular tourist destination in Guangxi province, Yangshuo, has been approved by the State Development and Reform Commission, according to the provincial transport authorities. The Yangshuo-Luzha Expressway is part of the Shantou-Kunming Expressway in the national expressway network and an important link between the southwest region and the Hong Kong/Macau area. This is also the first road project in Guangxi to be invested and operated by a foreign investor.
The road will be 87km long and will cost a total of Rmb4.66bn. The Malaysian investor MTD Capital will invest Rmb1.631bn in the project, with the rest of the funds coming in the form of bank loans. | |
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