|
BIZCHINA> Top Biz News
![]() |
|
More rural roads planned this year
By Xin Dingding (China Daily)
Updated: 2009-01-16 07:37 China will build or renovate 300,000 km of rural roads this year to aid development in the countryside, Minister of Transport Li Shenglin said Thursday. Last year, 188.7 billion yuan ($27.6 billion) was spent on building and renovating 391,000 km of rural roads, and the network now serves almost 89 percent of all towns, he said. China had 3.68 million km of roads by the end of last year, more than triple what it had in 1978, he said.
China has the world's second longest highway network, after the United States, the Xinhua News Agency reported. The transport ministry is currently looking at new ways to fund the construction of roads, Li said. Since the fuel tax reform took effect on Jan 1, road projects lost their usual financing platform, he said. Under the reform plan, six fees collected by the ministry, including road maintenance, waterway maintenance and road transport surcharges, have been canceled. The collection of tolls on secondary roads will also be phased out, Li said. "The fees and tolls used to be a guarantee against bank loans and support for road construction projects," an insider said on the condition of anonymity. When the collection of tolls on secondary roads is canceled, banks will have no guarantee of a return, and will therefore be reluctant to issue loans, he said. (For more biz stories, please visit Industries)
|
|||||
包头市| 苏尼特左旗| 太仓市| 江阴市| 津南区| 遵义市| 舒城县| 永靖县| 德州市| 石楼县| 柳江县| 呼和浩特市| 墨竹工卡县| 新干县| 白银市| 义马市| 沙田区| 上栗县| 墨竹工卡县| 永吉县| 衡阳市| 墨竹工卡县| 盐城市| 沾化县| 腾冲县| 吐鲁番市| 光山县| 宣威市| 陵水| 望奎县| 东平县| 岳阳市| 江永县| 平武县| 沐川县| 思茅市| 贡觉县| 青铜峡市| 通州区| 深水埗区| 柳林县|