Biz News Flash

$954b for infrastructure

(China Daily)
Updated: 2011-05-27 14:11

China plans to spend 6.2 trillion yuan ($954 billion) to upgrade its transportation infrastructure during the 12th Five-Year Plan period (2011-2015), an official said Thursday.

The money will pay for the construction of road and waterway transportation facilities, with road construction accounting for a large part of the budget.