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| Beijing Infrastructure to Get US$2.9 Billion Boost |
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Chai Xiaozhong, vice-director of the Beijing Municipal Development and Reform Commission, said the investment marked an increase of 15 percent over last year. The investment will cover eight key areas such as transportation, public service, energy exploration and saving, the industrial environment and public security. The city will spend 6 billion yuan (US$750 million) to improve its transportation and public service infrastructure, focusing on areas near the Olympic stadiums. Another 7 billion yuan (US$875 million) will be used to improve infrastructure and public service systems in the suburbs. Chai stressed the Olympic stadiums and other construction projects would be given top priority and would be completed as planned. Under the plan, all 31 Olympic stadiums and five attached projects will be completed this year. Sixty-six road and bridge projects near the Olympic stadiums will also be finished. Chai said the city's gross domestic product (GDP) saw a year-on-year rise of 11 percent in 2006, realizing a continuous double-digit economic growth over eight years. Its per capita GDP surpassed US$ But Chai pointed out there were still many problems, particularly the widening income gap between the city's urban and rural residents. The average disposable income of In contrast, In 2006, Chai said the city's growing population is exerting intense pressure on the city's natural resources and environment. ( |
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