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Wuding projects to Kunming Highway

2009/05/26 

Wuding to Kunming in Yunnan Expressway Project in the February 26 passed the formal assessment of the Asian Development Bank, marking a period of 2 years of the project preparatory work completed, is about to enter the loan negotiations and project implementation phase.

Wuding to Kunming Highway mileage of 64.71 kilometers projects, estimates a total investment of 5.07 billion yuan, of which ADB's use of 200 million U.S. dollars loan. ADB's mission and China's Yunnan Province on the scope of the project investment is estimated that the financing plan, engineering design, project implementation arrangements, project procurement, land acquisition demolition, environmental protection, ethnic minority development, road safety, rural transport policy reform, AIDS prevention and highway asset securitization, etc. were discussed and agreed, the project passed a formal assessment of the ADB. Asian Development Bank for the project will also provide 250,000 U.S. dollars grant for the project area to increase AIDS awareness in support of the work; 150,000 U.S. dollars to provide grants for highway asset securitization research, highway construction to expand the financing channels for ideas. Yunnan Department of Finance in accordance with the requirements of the Ministry of Finance for the early use of financial loans and grants do service work, as planned for April 2008 carried out with ADB loan negotiations with ADB in August signed a loan agreement, 10 months to complete agreement came into effect procedures to ensure that Wuding to Kunming Highway project in October 2008 started the construction.

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