On May 20, the government of Fucheng County in China's Wuhan Province approved the bridge building steel production program of Haibo Land and Bridge Engineering Co., Ltd, a land and bridge engineering company based in the province.
The program will cost RMB 3 billion ($459 million) in total, with fixed asset investment of RMB 2.5 billion ($383 million). The designed annual production capacity of the program is 780,000 mt of bridge building steel products. The annual sales income of the program is expected to be RMB 15 billion ($2.3 billion).