Beijing to invest more in transport infrastructure
( 2003-12-17 11:00) (People's Daily)
China's capital Beijing will
sharply hike investment for the construction of urban transport infrastructure
next year, said an official from the Municipal Commission of Development and
Reform on Tuesday.
Related investment in 2004 is expected to rise by 78.3 percent over the
volume this year, said Liu Yinchun, head of the infrastructure section with the
commission.
Liu said the direct investment by the municipal government in this regard
this year was 2 billion yuan (241 million US dollars).
"Next year's transport infrastructure construction will focus on accelerated
development of public transport characterized by track system," said Liu, adding
that investment in the construction of transport links to the suburbs of the
capital willalso increase.
Beijing has been chosen as the venue for the summer Olympics in2008.
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