China to Spend More Than 1 Trillion Yuan on Subways
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China will spend more than 1 trillion yuan ($146 billion) to triple the size of its subway system over the next five years, according to the country’s top economic planning agency.
China will increase the amount of track beneath its cities to more than 3,000 kilometers (1,864 miles) by 2015 from 940 kilometers at the end of 2009, Li Guoyong, deputy head of industrials at the National Development and Reform Commission, said at a rail conference in Shanghai today.