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Rocky road for investment

Reading Time:2 minutes
Why you can trust SCMP

CHINA'S roads programme is like the average person's driving ability - erratic. Financing difficulties, land acquisition problems and construction delays stall what should otherwise be important investment opportunities.

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So, the crackpot and hair-brained ideas are mixed in with more serious proposals until the only firm conclusion that can be reached is that billions of dollars needs to be spent on roads infrastructure.

China has roads spanning more than one million kilometres, but only 1,145 km qualify as expressways with 8,528 km of high-grade highway.

Even main links are pot-holed and all too frequently trucks and cars have to share their road space with three-wheel tractors, carts and bicycles.

So, it is not surprising vehicles are often limited to a snail's pace.

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It is against this background that only Hong Kong-based entrepreneurs have become serious investors in China's roads. And only then in Guangdong.

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