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Nov 12, 2008

INFRASTRUCTURES * China - Opens the cheque book

Sydney,VIC,Australia -The World Today,ABC TV, by ELEANOR HALL -10 November 2008: -- The Chinese Government is getting ready to spend its way out of the world economic crisis... It's just approved a $826-billion stimulus package that will be directed to rural and transport infrastructure, low-income housing, as well as helping the steel industry... The Government of President Hu Jintao is making it clear it is prepared to use its vast resources to help keep China's economic growth above eight per cent...


* Vietnam - Needs US$48 Billion To Develop Highways

Hanoi,Vietnam -Vietnam News Agency (VNA)/Bernama (Malaysia) -November 7, 2008: -- Vietnam will need some US$48 billion for the construction of 20 highways with a total length of over 5,870km, according to a proposed scheme to develop the country's highways network between now and 2020 and beyond, which have been scrutinised by the Government... Vietnam News Agency (VNA) reported Friday that at a seminar held here on Thursday, Deputy Prime Minister Nguyen Sinh Hung said developing the domestic road network, including the highways, is considered a matter of great importance for Vietnam to create impetus for socio-economic development... Under the master plan, the trans-national express system will include two routes, the systems in the north and south will have six routes each, the system in the central and central highlands region will have three routes and there will be three routes in the beltways in Hanoi and Ho Chi Minh City...


* USA - NADBank approves $10M loan for border truck crossing

San Luis,AR,USA -San Antonio Business Journal -November 12, 2008: -- The North American Development Bank and the Border Environment Cooperation Commission has certified the planned San Luis Rio Colorado International Crossing II project... This designation means that the North American Development Bank proceed with financing for the air quality project. A loan for $10.7 million will be provided to the Mexican Ministry of Communication and Transportation. Construction company Concesionaria y Operadora del Puente Internacional Cucapa SA de CV is the contractor... The international crossing should help improve air quality in the region by reducing traffic congestion at the current crossing. This bridge will be set aside for commercial trucks crossing the border. San Luis Rio Colorado is located in Sonora, Mexico, across the border from San Luis, Ariz....

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