LINE

    Text:AAAPrint
    ECNS Wire

    China may lower threshold to drive metro boom

    1
    2016-05-16 15:36Ecns.cn Editor: Mo Hong'e

    (ECNS) -- China may lower its threshold for cities to build metro systems from a population of at least 3 million in an urban area to 1.5 million, a move that could drive infrastructure investment, Economic Information Daily reported.

    The newspaper, citing authoritative sources, said China's new stage of economic growth, expanding scope of cities, and increasing traffic demand all mean population is no longer a key element in approving the construction of metro lines.

    In some western countries, a population base of just 1 million is required, much lower than China's current requirements, which also set a city's GDP at 100 billion yuan ($15 billion) and financial revenue at 10 billion yuan.

    Ning Jizhe, a deputy head of National Development and Reform Commission, China's economic planner, and also head of the National Bureau of Statistics, said investment in infrastructure will continue to play a key role in helping realize economic growth and social development targets.

     

    China will invest around 4.7 trillion yuan in transport infrastructure projects over the next three years. Funds will be provided for about 303 projects ranging from waterways, roads, railways, and metro systems to airports.

    Such funds will give priority to promoting the preparation needed to build metro lines in 103 cities, with an expected length of 2,000 kilometers and a total investment of 1.6 trillion yuan.

    Liu Yuanchun, president of the National Academy of Development and Strategy at Renmin University of China, said road construction has become saturated in first and second-tier cities but that there still is huge investment space for metro systems.

    Sources from Industrial Securities said regional governments are interested in building metro system because it involves a massive production chain, can fuel economic growth and enhance public image.

    The relaxed policy may result in an additional investment of one trillion yuan as more cities plan to building metro lines, said Li Xun, vice president of China Academy of Urban Planning and Design.

    It's also expected that private investment would be supported by favorable governmental policies regarding metro line projects.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 东辽县| 措勤县| 会同县| 工布江达县| 孟连| 海伦市| 正定县| 修水县| 嘉峪关市| 安平县| 日照市| 东乌珠穆沁旗| 朔州市| 安福县| 淳安县| 靖安县| 池州市| 巢湖市| 阳高县| 凤城市| 左权县| 腾冲县| 自贡市| 寻乌县| 裕民县| 泸溪县| 阜平县| 定结县| 庐江县| 金阳县| 榆树市| 新宁县| 军事| 新丰县| 吴忠市| 澎湖县| 鞍山市| 罗源县| 浮梁县| 沭阳县| 北安市|