New World Infrastructure (NWI) plans to build a 80 million yuan (about HK$74.2 million) road in Zhaoqing, Guangdong province. The proposed project will step up NWI's infrastructure operations in Zhaoqing where the company already has invested more than one billion yuan for the construction of six highways over the past few years. Zhaoqing City vice-mayor Xu Shaohua said it would be a joint venture between NWI and the city government. 'Equity distribution has not been finalised but NWI will take a majority stake,' he said. The planned road is a 32.5 km two-lane section of the city government's 80.5 km planned toll road between Lubu district and Guangning county. The section is from Lubu to Gaoyao. It is understood NWI is looking at the feasibility of undertaking the whole project through the joint venture which is estimated to be worth 210 million yuan. Mr Xu hoped for better prospects for the districts involved once the road project was completed. He said the city's economy had performed better after NWI constructed the six highways throughout the city. These roads had improved the transport network linking the city with Guangdong and Guangxi provinces. The highways represent a source of cashflow for NWI, with toll rates varying from 2 yuan to 25 yuan per vehicle. The income from each toll road is estimated at 1.8 million yuan per month.