China Knowledge quoted industry sources as saying that Asian Development Bank will provide USD 200 million loan to China on an expressway construction project in South China

According to the report, the 64 kilometer expressway which will adopt traffic safety strategy and involves total investment of approximately USD 745 million is between Wuding county and Kunming city in Yunnan province. Construction of the project is expected to be competed over the next four years.

Sources said, Yunnan provincial government ministry of Communications and domestic lenders will also participate in the project, which will be complementary to other transport corridors built linking China with its neighbors in the Greater Mekong Sub-region to boost trade, tourism and regional integration.

It is the first time for the multilateral lender to include a specific road loan program for China on local road safety issues.