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National Highway 324 Luoding-Chonghua Highway
| National Highway 324 Luoding-Chonghua Highway |
| Grade |
Class I Highway, 4 / 6 lanes |
| Project
Mileage |
35 kilometers |
| Project
Total Investment |
RMB 290 million |
| Road
King’s Investment |
RMB 180 million |
| Interest
Owned by the Group |
61% |
| JV
Period |
20 years |
| JV
Expiry Date |
20 July 2014 |
| JV
Partner |
Guangdong Roads and Bridges Construction Company (25%), Yunfu City Highway Development Company Limited (1%) and Luoding Highway Construction Company (13%) |
Significance:
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Part of National Highway 324 which is a principal route connecting Guangdong to the neighbouring provinces, Guangxi and Yunnan. |
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Facilitates access for passenger and freight vehicles travelling between Luoding, an area which is important for its rich natural resources and raw materials output, and Yunfu, which serves as a gateway to other eastern Guangdong cities such as Zhaoqing and Guangzhou. |
Traffic & Toll Revenue:
| PAST YEARS |
2007 |
2006 |
2005 |
| Average Daily Traffic |
18,500 |
17,500 |
16,900 |
| Annual Toll Revenue (thousand RMB) |
60,800 |
57,800 |
54,300 |
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