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Funding challenge for transport infrastructure

25 April 2012
The Ministry of Transport has warned that funding difficulties lie ahead for transport infrastructure.

“This year the demand for funds for transport infrastructure construction will remain high,” it said in a statement. “The central government is expected to somewhat increase its funds for transport infrastructure construction, but we are not optimistic about the ability of local governments to contribute their share of funds.

“After reforming the pricing and taxation of refined oil, many financing platforms for road construction were lost, while credit remains extremely tight. Non-toll roads cannot obtain loans. This exacerbates the funding shortage.”

     
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