Related News
US$79.8b infrastructure program begins in Gansu
Online Edition
A HUGE infrastructure project kicked off in China's northwest province of Gansu, which will facilitate trade and people exchanges between China and central Asia.
Though the province does not share its borders with any central Asian countries, it will be an important stretch of the Silk Road Economic Belt.
The six-year, 500-billion-yuan (US$79.8 billion) development project will add more than 60,000 kilometers of road, including 4,070 km expressways, and improve the connectivity of the existing transportation network.
The provincial authorities have not released the funding source, but officials told Xinhua local government-backed financing vehicle Gansu Provincial Highway Aviation Tourism Investment Group had invested in the project. Road construction receives fiscal support from the central government.
The province is also expected to build 12 civilian airports in the next six years, expanding the reach of its air service to 82 percent of the province's population, at 25.57 million in 2010.
Since the third quarter of last year, China's top economic planner has approved a slew of transportation projects to boost regional connectivity. It also launched a US$40 billion fund backed by the country's foreign reserves to support infrastructure building in countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
- 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
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
