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Jinan Qingdao Central Expressway Expansion and Smart Transportation System Construction

business overview

Country (trade office) China (Qingdao)
Project name Jinan Qingdao Central Expressway Expansion and Smart Transportation System Construction
Business Category Transportation/Logistics
Overseas ordering company
  • Shandong High Speed ​​Group
project schedule The specific project ordering schedule is planned for 2022
The smart project is scheduled to be completed with the completion of the highway in XNUMX.
financing Shandong High Speed ​​Group
Scale $2000 million
Project period 2022-2023

Job Description

Main Content
  • Shandong Express is planning to expand the Jungbu Expressway to alleviate traffic congestion
    – There are two highways north and south between Jinan, the seat of the provincial government in Shandong, and Qingdao, a major economic city.
    * Expressway starting point: Jianggu District, Jinan City - Zhaozhouwan Expressway, Qingdao City
    * Route: Jinan, Zibo, Weifang, Qingdao 4 City and 8 District
    * Project size Total distance: 292 km, total investment of 660 billion yuan
    * Note: 6 lanes, 120km/h
    * Establishment period: expected to be completed in October 2023
  • Demand for Smart Transportation Package Service
    – In the course of highway operation, integrated tasks and solutions such as smart defense, smart traffic, and smart parking, high-definition video equipment, traffic accidents, CCTV, automatic detection devices, etc.
Reason for selection
  • The Ministry of Transport of China publishes the “action plan for building new infrastructure in the transport sector (2021-2025)” (2021.09.23.)
    – “Action plan” aims to increase the efficiency, function, and energy of transportation by focusing on digitalization, networkization, and smartization
    – Seven major construction directions are presented, among which smart road construction is included.
  • Shandong Province's first smart highway pilot project was completed in September 2021, after which Shandong Province will actively build smart highways
    * Gyeongdae Taejo Ji Hye Expressway, total length 189.5 km
    – Korean companies that meet the demand for related services and technologies are likely to participate in the project and collaborate with related local companies.

entry plan

opportunity factor
  • The Zhaozhouwan Expressway Project in Qingdao, Zhanggu District, Jinan City is not limited to local enterprises, but also opens the project to overseas enterprises, creating a multinational style
    plan to build a rest area
    – Previously, most of the expressway business belonged to the state-owned monopoly industry, but in accordance with the government’s direction to encourage and support
    The highway rest area project has been opened to overseas companies, and collaboration models are being explored.
local collaboration
possible company
  • Shandong High-Speed ​​Tianbang International Science and Technology Co., Ltd. (Shandong High-Speed ​​Technology Subsidiary)
  • Wuhan Wei Changgwang Electric Power Co., Ltd.
Other notes
  • Smart transportation hardware and software-related companies can increase their chances of winning orders through technical cooperation with local Chinese companies
    *Road situation analysis system, road high-definition video equipment, traffic accident measurement device, precision trajectory tracking technology, hologram detection and smart control technology, etc.