Amount China has
committed to its
economic stimulus plan
the province. The project includes constructing or upgrading 3,800 kilometers
( 2,361 miles) of railways by 2015.
And although the project has secured
CNY105 billion from the Ministry of
Railways, it’s still running roughly 30
percent short of the necessary funds.
To make up the difference, Shandong
Railway Construction Investment Corp.
was established to participate in investment, construction and management of
the railway projects.
Whether projects are funded locally or
nationally, Mr. Lee says the massive
stimulus package and nationwide drive to
invest in infrastructure will create many
opportunities for savvy project managers.
“We are already seeing a revival in
lending,” he notes. “And, while most
of the projects will be state-owned, with so
much money being spent there will be a wind-
fall of projects for private contractors over the
next couple of years.”
Amount China plans to
release for projects in
On the transportation front, the local government of China’s Shandong province recently
announced a seven-year plan aimed at building a
high-speed railway system to connect 17 cities in