Deals struck for two major highway projects in Yibin, China

Plans are in hand for a US$616.6 million highway project in Yibin, China. China Roads, Xingtai Road and Bridge Construction and Sichuan Yibin Yili Group have signed concession and investment agreements for the Yibin-Yiliang and Yibin highways with the authorities in the city of Yibin. Work will commence before the end of this year on the western section of the 39km Yibin boundary-crossing highway. The project is expected to take three years to complete. Meanwhile, work on the 130km Yibin-Yiliang highway will also begin in 2013 and take around five years to complete, costing some $2.71 billion.