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皇冠体育app earmarks $5b for transportation projects

(Xinhua)
Updated: 2011-06-10 17:20
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BEIJING -- The Chinese central government has allocated 32.06 billion yuan ($4.9 billion) to set up a special fund to support major transportation projects across the country, the Ministry of Finance (MOF) said Friday.

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The fund will be earmarked to support the construction of roads, transport hub facilities and waterways, said a statement on the MOF's website.

The 32.06 billion yuan in funding came from vehicle purchase taxes, according to the MOF.