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