SW China's Tibet invests over 20% more in fixed assets

09:13, February 07, 2011      

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Southwest China's Tibet Autonomous Region invested 46.33 billion yuan (7.02 billion U.S. dollars) in fixed assets in 2010, an increase of 22.1 percent on 2009, according to the regional bureau of statistics.

The total included 34.4 billion yuan invested by governments, up 26.4 percent year on year, and 11.8 billion yuan by private sector, up 10.8 percent.

Of the total money, 40.5 billion yuan went to urban areas, up 23.4 percent year on year, and 5.78 billion yuan to rural areas, up 13.9 percent.

The region will invest 7.5 billion yuan in infrastructure projects for transport development in 2011, which is the first year of the 12th Five-Year (2011-2015) Plan Period.

Tibet plans to expand its highways open to traffic to 70,000 kilometers by the end of 2015, up from the current level of 58,000 km.

Source: Xinhua
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