Go-ahead for series of Chinese highway deals

The go ahead has been given for a major highway project in China’s Yunnan Province. The US$3.25 billion highway will connect Shangri-La and Lijiang. The project has received approval from the National Development and Reform Commission of China. In addition, approval has also been given by the National Development and Reform Commission for the $471.8 million Zhejiang section of the highway connecting Hangzhou with Nanjing.