On December 17, the Hunan Provincial Government held a news conference on the opening of the highway expressway in 2012. He Zhenyu, Secretary of the Party Committee and Director of the Provincial Department of Transportation, briefed the media reporters on the opening of the expressway this year. On December 23, Hunan will open 15 12,16 km expressways to traffic, and 16 expressways with a total of 1,320 km will be completed and opened to traffic throughout the year, exceeding the annual target of 1000 km of traffic determined by Hunan Provincial Party Committee and Provincial Government.

Since 2011, in order to promote the smooth implementation of expressway construction and solve the construction fund problem, the Hunan Provincial Department of Transportation opened the nation and established the Hunan Express Group Finance Co., Ltd., which provided credit support for RMB 13.2 billion in less than one year; Assets reached 2.808 billion yuan; continuously expanding financing channels and actively financing.

Through these measures, the funds for Hunan Expressway construction have been effectively guaranteed, and the goal of not breaking the capital chain and stopping the project has been achieved. The highway with a total investment of 97.286 billion yuan and a total mileage of 1,320 kilometers has been successfully opened to traffic. With the opening of the 15 expressways, the total mileage of the Hunan Expressway will reach 3969 kilometers, and the “two vertical and five horizontal” expressway skeleton network will basically form.

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