Chinese Government plans major bridge project

Plans for a major new bridge project have been given the go-ahead by the Chinese Government. The project calls for the construction of a second bridge spanning Hangzhou Bay. The new bridge will provide a more direct connection between the economically important cities of Ningbo in Zhejiang Province and Shanghai. The project looks likely to cost in the region of US$2.95 billion to construct, including the connecting roads. The bridge will shorten the travel distance between the cities from 200-160km.

March 14, 2014 Read time: 1 min

Plans for a major new bridge project have been given the go-ahead by the 2719 Chinese Government. The project calls for the construction of a second bridge spanning Hangzhou Bay. The new bridge will provide a more direct connection between the economically important cities of Ningbo in Zhejiang Province and Shanghai. The project looks likely to cost in the region of US$2.95 billion to construct, including the connecting roads. The bridge will shorten the travel distance between the cities from 200-160km.

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Times they are a changing

Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the