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RMB33.8 Bn Be Absorbed for West-to-East Gas Transfer Project
It's reported that the "West-to-East Gas Transfer" Project under construction in China will absorb funds worth 33.8 billion yuan for western regions including Sichuan Province. The trunk lines of the project will run through nine provinces, autonomous regions and municipalities.
Initial estimation reveals that apart from the 38.4 billion yuan worth of investment for trunk pipelines, the amount of investment for the development of the Tarim gas field and the construction of pipeline network along the way will exceed 80 billion yuan. Among this huge sum of investment, , 33.8 billion yuan will be taken up by western provinces and regions, which is expected to be used for building up new supply-and-demand markets and create many more employment opportunities.
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