Road Construction in Midwest of China Expected to Pace up

www.chinabuses.org: Following that railway construction gained policy support, the road construction in the Midwest seems to be pacing up.

Governments in the Midwest provinces worked out the plan the road construction. These areas included Yunnan, Hubei-Hunan, Hubei-Jiangxi, Tibet, Xinjiang and Sichuan, etc.

It's said the funds of these projects come from different sources, including fiscal funds, financial lease, medium-term note, entrusted loans and corporate bonds, etc. For example, Xinjiang Government obtained vehicle purchase tax investment of CNY 2.479 billion from the Ministry of Transport; Hubei Communications Investment Company was approved to issue the corporate bonds of CNY 8.5 billion, which would be used in four projects.

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