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2008

News

China to spend 25% more on transport infrastructure in 2009

3 December 2008
The Ministry of Transport said it expects to spend Rmb1,000bn on transport infrastructure in 2009, up from about Rmb800bn in 2008. Li Xinghua, deputy director of the ministry's comprehensive planning department, said some of the funding would come from non-government entities, including domestic and foreign sources.
Some Rmb400bn-500bn will be spent on highway construction, Rmb200bn on rural roads, Rmb70bn on ports and Rmb20bn on inland waterways.

     
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