25 March 2019

Yunnan to invest 100 bln yuan on transport projects, paper says

Yunnan is set to invest around 100 billion yuan (US$16.54 billion) on transport infrastructure this year as the southwestern province aims to become a key connecting hub between China and the Association of Southeast Asian Nations (ASEAN), National Business Daily reported Monday. Of the total funding, 30 billion yuan will go toward railway projects, while the remainder will be spent mostly on highways and water transport, it said. About 4 billion yuan will be set aside for airport investment, according to the report. In 2006, 18 Asian countries entered into an agreement to build a Pan-Asia Railway Network, with the three rail lines all starting from Kunming, the capital city of Yunnan province, the report noted.

– Contact HKEJ at [email protected]



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