Source: CCTV.com

12-08-2008 09:21

The central government says the 15 billion yuan set aside for railway construction has been allocated for 25 key projects. Projects include express links and tracks designed for the transport of coal, as well as tracks connecting the resource-rich western regions with the rest of the country.

The central government says the 15 billion yuan set aside  for railway construction has been allocated for 25 key  projects.

Officials say they expect the 15-billion yuan in initial investment to generate a further 50 billion yuan in investment in basic infrastructure. Total investment in the railway industry is projected to hit 350 billion yuan just this year alone.

And just an idea of what this will mean in terms of pushing up domestic demand an investment of 10 thousand yuan will generate demand for 0.32 tons of steel, 2 tons of cement, and labor-demand of up to 25 working days.

Editor:Xiong Qu