China approves $73 billion worth subway projects
EIJING: China approved subway projects in three cities including Beijing, Tianjian and Shenzhen worth a total 464.77 billion yuan ($73.04 billion), the country’s top economic planner said on its website.
The National Development and Reform Commission (NDRC) said on its website that it had approved the second construction phase of a subway system in Beijing, with an investment value of 212.28 billion yuan. It is expected to be finished by 2021.
It also gave the go-ahead for a subway plan worth 179.43 billion yuan in Tianjin. It is due for completion in 2020.
The third construction phase of a subway system in Shenzhen also won approval. It is planned to be completed by 2020, with an investment value of 73.06 billion yuan.
By now China’s metro network is 2.4 times that of USA, 3.8 times that of Japan or Korea, and tops the world.
i THINK CHINESE ARE KEEP PRINTING THEIR MONEY LIKE NEWSPAPERS EVERYDAY .
Like Build a bullet train? order few billion yuan from bank ?
Why can’t you make investment in India ?
12th India :victory:
Pakistan not even in the list
It looks like Beijing will one day end up with a subway network of 40 lines.
Ditto many other cities.
China’s infrastructure projects are so impressive. India should learn design and execution from them. I am so awestruck at how fantastic (form and function) the Maglev train and stations are !
One thing I did not understand: both China and India are heavily populated countries with dense city commutes. Why then are the Shanghai subways not as stuffed to the gills as the Mumbai subway trains are? Or may be Shanghai is not as dense as Mumbai?
Shanghai has 20 million people, but in 6300+ km2.
The total length of Shanghai Metro is nearly 600km.
The interval of trains can be less than 3 minutes.
China is far ahead in developing infrastructure in multiple fields more efficiently in a big way