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« China insurers to finance infrastructure projects | Main | Obama promises to spend billions on infrastructure »

December 7, 2008

China to spend 150 bln yuan on railways in coal region

BEIJING, Dec 7 (Reuters) - China plans to spend more than 150 billion yuan ($21.8 billion) over the next six years to add some 2,000 km of railway track in the coal-rich region of northern Shanxi province, the Xinhua news agency reported on Sunday.

The construction projects are expected to help boost domestic demand and counter the impact of the global financial crisis, said Zhang Baoshun, Communist Party Secretary of the Shanxi provincial committee.

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Posted by boyang at December 7, 2008 5:51 PM