Latest News:  
Beijing   Shower/Overcast    28 / 22 ℃  City Forecast

English>>China Society

China to invest 800b yuan in subway projects, 5 in Shanghai

(Shanghai Daily)

09:50, September 07, 2012

CHINA has approved 25 new subway projects with an investment of 800 billion yuan (US$126.98 billion), including five projects in Shanghai worth more than 16.79 billion yuan.

Second-tier cities such as Xiamen in Fujian Province and Taiyuan in Shanxi Province are to build metro lines while Shanghai and Harbin in Heilongjiang Province will see extensions to their existing urban rail systems, the National Development and Reform Commission announced yesterday.

By 2015, Shanghai's Metro system will reach Disneyland in the Pudong New Area and the China Expo Exhibition Complex in Qingpu District.

Metro Line 11 will be extended from its Luoshan Road to Disneyland, a 9.15 kilometer stretch costing 4.37 billion yuan.

Metro Line 8 will go beyond its Shanghai Aerospace Museum stop to Huizhen Road with a 6.6 kilometer extension costing 2.24 billion yuan.

Metro Line 10 will be made 10 kilometers longer with a new route from New Jiangwan City to Gangchen Road at a cost of 5.94 billion yuan.

Metro Line 2 will extend 2 kilometers eastward, from Xujingdong to Panlong Road, with an investment of 1.35 billion yuan.

Metro Line 3 and Line 4, which currently share part of their route, will go their separate ways in a rerouting project which will involve 2.6 kilometers of track and cost 2.89 billion yuan.

Municipal and district governments will contribute 7.1 billion yuan to the projects, 42 percent of the total cost. The rest will be financed by banks.

By 2020, 40 cities in China will have subways that run for more than 7,000 kilometers, 4.3 times the current length, according to the China Association of Metros, an organization under the NDRC.

Zhang Yongjun, a researcher at China Center for International Economic Exchanges, said: "The construction of urban rail systems can bring massive investments and create a pull effect on the local economy."

China has also approved construction of airports, highways and other public works to revive economic growth that slumped to a three-year low of 7.6 percent in the second quarter.

The economic planning commission also gave the green light yesterday to the construction of 13 new highways that will measuring a total of 2,000 kilometers.

Local governments have also shown high interest in new infrastructure projects. The investment in local stimulus packages is said to amount to more than 10 trillion yuan over the past few months.
News we recommend

Recommended News

Moldy burger found in McDonald's restaurant Motorola not approved to lay off workers Mercedes-Benz to recall 127 cars
Air China plane turns back after 'threat' Pepsi can explosion severely injures boy A spate of road cave-ins in China, 2012
Bachelors seek love from billboard ad China's strategic missiles realize mobile launch  China's aircraft carrier begins 10th sea trial


Leave your comment0 comments

  1. Name


Selections for you

  1. APF soldiers conduct anti-terrorism training

  2. Moscow holds salon displaying auto trends

  3. Diaoyu row hurts Japanese car sales in China

  4. Mantries to woo potential mates by wearing homemade 'chastity belt'

  5. Spectacular! When magma enters into sea

  6. Spanish beauty sexy show

Most Popular


  1. ASEAN 'must not take sides in disputes'
  2. Commentary: Asian SMEs must plan for crisis
  3. US firms poison reputations of China start-ups
  4. Exams still fairest way for kids' school selection
  5. Quality better for box office than quotas
  6. Don’t hand over judgment to foreign media
  7. China, Japan can find path to more stable future
  8. Editorial: FDI rise possible

What's happening in China

Freshmen receive etiquette training in E China

  1. Coca Cola to rebuild image through public welfare
  2. Booklet tells parents to 'prevent' homosexuality
  3. Dog's death prompts pet safety plea for planes
  4. 3 smugglers' sentences stir debate
  5. Concerns take aoshu out of the equation

China Features

  1. Exclusive:A probe into GM rice test
  2. How much we continue to pay for 'face saving? '
  3. Entering China's northernmost village
  4. Italy makes efforts to attract Chinese students
  5. Chinese economy not to suffer a hard landing

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture