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Shanghai Striving
to Become International Financial Center China's largest trade and financial city, plans to spend more than 150 billion yuan (18 billion US dollars) to improve its urban infrastructure over the next 10 years in a bid to become an international financial center. Zhang Huiming, director of the Shanghai Municipal Construction Commission, told Xinhua at the ongoing '99 Fortune Global Forum that Shanghai's transportation, housing and environmental protection have been greatly improved over the past few years. The total investment in these areas has reached 100 billion yuan for the past nine years, he said. Shanghai, with a total population of 13 million, has already completed construction of about 4,000 kilometers of new urban roads. The 64-kilometer-long viaduct system connecting the downtown area with the local airport, railway station, and suburbs was opened to traffic on September 16. Zhang said there are about 15,000 buses and 40,000 taxis now serving in the city's public transportation sector, as well as a subway system. The city has removed more than 20 million square meters of shabby houses in the old urban areas, on the site of which new houses have been built, he said, adding that more than 98 percent of the local household now are using coal gas. Shanghai will give priority to improving its transportation system continuously, and plans to construct a highway system in suburban areas to connect with neighboring cities and provinces. (Xinhua) |
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