China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3807)	12/1/2004 11:47:01 PM
From: RealMuLan	Read Replies (1) of 6370

China pumps another 660 million dollars into Qinghai-Tibet railway Tue Nov 30,10:26 PM ET Asia - AFP BEIJING (AFP) - The cost of building the high-altitude Qinghai-Tibet railway has blown out with China forced to pump another 5.5 billion yuan (660 million dollars) into the project. AFP/File Photo China had originally earmarked 3.1 billion dollars for the 2,040 kilometer (1,264 miles) line that will link Lhasa in Tibet with Golmud in Qinghai province, making it the longest railway at the highest elevation in the world. The Xinhua news agency said the extra investment was needed to ensure the rail link could open to the public on schedule in 2007. So far, 738 kilometers (457 miles) of track have been laid since China began construction in 2001. It is the centerpiece of China's ongoing "develop the west program" which envisions bringing economic development to China's most impoverished and least densely populated regions of Tibet, Qinghai and the Xinjiang autonomous region. Thousands of workers are employed on the project, which has been criticised by Tibetans' rights advocates. They say that while it could bring economic benefits, it was part of an effort to encourage Han Chinese migrants to settle in Tibet. Most people currently travel to Tibet by air or car. news.yahoo.com

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