RMB$300 Billion for Subway/Railway Construction Mapped in Shanghai

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Thursday, April 27, 2000, updated at 16:40(GMT+8)

Life

RMB$300 Billion for Subway/Railway Construction Mapped in Shanghai

Eleven subways over a distance of 384km and 10 light-track railways totaling 186km are to be built in Shanghai, according to a latest urban plan by the Municipal government.

The plan says that a total of over 300 billion yuan will be demanded for the planned projects to be built 15-20km with 10 billion yuan of cost a year.

A new investment/finance system will be put out to encourage more investors to invest in Shanghai's infrastructure construction, following the principle of "who invests, who owns and who reaps profit".


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	Eleven subways over a distance of 384km and 10 light-track railways totaling 186km are to be built in Shanghai, according to a latest urban plan by the Municipal government.




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