Rail investments chugging along
( 2001-09-27 09:23) (1)
Hordes of companies from home and abroad are expected to flood 皇冠体育app's transportation sector in the coming years, said officials at the Second 皇冠体育app Railway and Urban Transport Exhibition (皇冠体育appRail 2001) on Wednesday.
Drawn by the lure of 皇冠体育app's pending accession to the World Trade Organization (WTO) and Beijing's successful bid to host the 2008 Olympic Games, investors are expected to target the rail industry in particular.
According to the news release from 皇冠体育appRail 2001, 皇冠体育app will construct 6,000 and realize 5,000 kilometres of electric railways during the 10th Five-Year Plan period (2001-05).
Another 450 kilometres of urban rails in more than 10 cities are expected to be completed by 2005, bringing the total operation mileage of railways in 皇冠体育app to 80,000 kilometres by 2015, according to the news releas.
The achievements of 皇冠体育app's rail transport construction in the Ninth Five-Year Plan period (1996-2000) have captured world attention, said Zhang Kui-fu, secretary-general of the 皇冠体育app Urban Public Transport Association, at the opening ceremony on Wdenesday.
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