Xinjiang's Fixed Asset Investment Expected to Approach 70 bn Yuan This Year

Sources from Urumqi say that the Xinjiang Uygur Autonomous Region will continue to increase fixed asset investment to an estimated 69.2 bn yuan this year.

Last year witnessed a total fixed asset investment of 61.2 bn yuan in this autonomous region, a rise of 14.5 percent over the previous year, which contributed over 60 percent to economic growth.

The local government has already planned 25 key construction projects for this year. Of these, 10 programs, including the Urumqi Airport expansion project, will be completed and be put into operation within this year; seven projects including the irrigation-drainage system and environmental protection of Tarim Basin, will partly be commissioned and five others like enlarging the capacity of optical cable and construction of Xinjiang Sports Center will be fully started.

By PD Online Staff Member Yin Zhili

People's Daily Online --- http://english.peopledaily.com.cn/