unei’s history, will become the country’s longest sea-crossing bridge with a total length of about 30 km. It is scheduled to open to traffic by the end of November 2019.
The CC4 section of the bridge is constructed by China State Construction Engineering C
orp. At around 11.6 km of the 11.8 km-long section will be a land viaduct traversing the mangrove swamp of the
Labu Forest Reserve, the company has established a set of strict safety and green construction evaluation systems to mee
t the high demand for environmental protection and cope with unprecedented difficulty in construction.
The Padma Bridge, 25 meters in width and 10 km in length, will
be built over the Padma River, one of the three major rivers in Bangladesh.
In June 2016, China Railway Major Bridge Engineering Group Co Ltd was awar
ded a $1.55-billion contract by the Bangladeshi government to build the core structure of the bridge.
The bridge is the country’s largest infrastructure project, as wel
l as the largest foreign bridge project undertaken by Chinese companies in terms of total cost.
Once completed, travel time between the capital, Dhaka, and the southern city of Khulna will be shortened to about three hours from 13 hours.
tion with China on jointly building the Belt and Road, She said.
Noting that the history of Italy-China exchanges for the past 50 years has been a history of dia
logue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two cou
ntries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.
Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his three-nation Europe tour, which will also take him to Monaco and France.
hinese authorities have unveiled detailed measures to implement valu
e-added tax reform, a key step to boost market vitality and stabilize economic growth.
Starting April 1 this year, the 16 percent VAT rate that applies to manufa
cturing and other sectors will be lowered to 13 percent, while the rate for construction, tran
sport and other sectors will be reduced from 10 percent to 9 percent, said a joint statement released on Th
ursday by the Ministry of Finance, State Taxation Administration and the General Administration of Customs.
laws on Chinese-foreign equity joint ventures, non-equity joint ventures and wholly foreign-
owned enterprises, which were mainly legislated between 1979 and 1988 and then revised.
“The draft law reflects experience on foreign investment governance that China has accumulated over the past decade, and
it sets up a comprehensive basic law framework that resonates well with China’s current situation in attract
ing foreign investment,” said Cui Fan, a professor at the University of International Business and Economics.
“When the three old laws were made, foreign investment came to China mainly because of t
he low human resources cost, but now China’s huge market potential is much more alluring.”
In addition, as globalization goes further, competition between countries and regions is intensifying, which has indu
ced China to further adjust laws and regulations to create a better environment for foreign investment, he said.