China to begin construction of expressway along proposed Asia-Europe route
Another important step has
been taken in building a transport route from Asia through Mongolia
to Europe, as China announced it has received credit to upgrade the
Urumqi-Kashgar road.
Located in the northwest of
China, the enhanced road will become a four-lane divided highway. Carrying
cargo and passengers, this new highway will be an important part of
the road and rail system heading into Mongolia.
Assistance for construction
of the expressway will come from a $150 million USD loan from The Asian
Development Bank.
The entire expressway project
is expected to cost $594 million USD. Besides the loan from the Asia
Development Bank, the PRC's Ministry of Communications, China
Development Bank and Xinjiang Uygur Autonomous Regional Government will
cover the remaining costs.
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