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15 bln yuan investment for Beijing CBD eastward expansion
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16:05, May 19, 2009

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The planning district of Beijing CBD eastward expansion will be unveiled in the 12th China Beijing International High-tech Expo, said the Beijing Organizing Committee of CHITEC. According to the exhibit-delegation from Chaoyang District, the CBD eastward expansion project, which has already started, will receive 15 billion yuan investment this year.

Many people have been long concerned about the increasingly serious traffic jams in Beijing's CBD. The new CBD intelligent traffic control system, helping to reduce traffic pressure, will also be shown at the Expo. It includes traffic signal control, traffic information guidance, traffic flow information detection, traffic TV monitoring, automatic monitoring of traffic violations, and a CBD intelligent traffic control center. The reserved land for a Media Center, International Bookstore, and International Cultural Theater in the planning district of CBD eastward expansion will be exhibited.

According to the Chaoyang exhibit-delegation, with the settlement of China Central Television and Beijing Television, the CBD will promote the internationalization of the domestic TV media industry. The new plan for this expansion project is being drawn up. Receiving 15 billion yuan planned investment the CBD eastward expansion is expected to create 150 thousand jobs and stimulate nearly 100 billion yuan social investment.

By People's Daily Online

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