Thursday, September 6, 2012

China approves 25 new railway projects worth $157b

China approves 25 new railway projects worth $157b
SHANGHAI (AFP) - China has approved 25 new urban railway projects, state media said on Thursday, in a sign the government is ramping up infrastructure spending to boost the country's economy.
Top state planner the National Development and Reform Commission had approved projects valued at more than 800 billion yuan (S$157 billion) in cities nationwide, the official Xinhua news agency said.
Statements posted on Wednesday on the commission's website showed the projects in 18 cities were approved between April and August. They include two metro lines in Shanghai.
"The move marks the government's latest effort to stabilise economic growth," Mr Xu Changle, an economics professor at Shanghai's East China Normal University, was quoted by Xinhua as staying.
WHEN I found out last year that Tanjong Pagar Railway Station would be closed, I expressed my desire of driving the last train out of Singapore to the KTM chairman. What the governments do has got nothing to do with me.
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It should include how much money was lost due to the cancellation of the crooked bridge and the Johore Baru to Padang Besar railway. 6. What is the cost over-run in the construction of the Bakun Hydroelectric project. 7.
The company's vision statement clearly states that the company aims “To be the Leading Railway Engineering Company in Malaysia and the Region.” Considering the tenuous arrangement in the awarding of the concessions, ...

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