Beijing authorises $15bn investment in Chinese transport infrastructure

Chinese transport infrastructure:  China’s National Development and Reform Commission (NDRC) yesterday gave the green light to eight infrastructure projects, with a combined value of around $15bn as Beijing looks to use public-sector expenditure to breathe new life into the flagging economy. The projects include two rail links, one in the northwestern Xinjiang Uygur Autonomous Region  and the other linking  Guizhou in the southwest to Hunan in central China. 
The agency also approved plans to build highways in Gansu, Hebei and Jiangxi provinces, construct two highway bridges across the Yangtze River and dredge part of the Grand Canal between Beijing and the eastern city of Hangzhou.
The NDRC has approved 218 projects in fixed-asset investment in the last nine months with a total value of more than $260bn around quarter of which were transport infrastructure projects. The remainder has been earmarked for the agriculture, energy, high-tech and information technology sectors, as well as for social programs.

Source: xinhuanet