Shandong to invest big in infrastructure

Advanced Search

The story appears on

Page A7

March 14, 2019

GET this page in PDF

Free for subscribers

View shopping cart

Shandong to invest big in infrastructure

Source: Xinhua | 07:03 UTC+8 March 14, 2019 |

Print Edition

Transport authorities in east China’s Shandong Province announced that it plans to invest 162.2 billion yuan (US$24.2 billion) on roads, railways, ports and airports this year.

The investment is aimed at building an integrated infrastructure network in the province, said Jiang Cheng, head of the provincial transport department.

Last year, fixed asset investment in Shandong’s transportation sector reached 160 billion yuan, among which 115.8 billion yuan was spent on roads, highways and waterways, up 28 percent year on year.

This year, 61 percent of the investment will be on roads, Jiang said.

Shandong has set a target for its expressway mileage to reach 7,400km by 2020. By the end of this year, the total will hit 6,400km, he said.

More roads, bridges and stations will be built in rural areas, he added.

About 10 railway projects are under construction in the province this year, with a total planned investment of 32 billion yuan. Upon completion, the province will be better connected with big cities such as Beijing, Shanghai and Tianjin.

Shandong had a population of 100.4 million at the end of 2018. It is one of the most populous provinces in China.

Nation

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Shandong to invest big in infrastructure

Email this to your friend