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News

More money for urban light rail

31 August 2011
China will invest about Rmb1,270bn to build subways and light rail lines during the current five-year plan ending in 2015 to ease traffic congestion and accelerate urban development, China Securities Journal reported.

The newspaper said local governments would finance 35 per cent of the total and the rest would come from commercial banks, China Development Bank and other sources.

     
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