another 292 billion to keep china on a roll, page-6

Vesp

Looks like that 292Bill was in US$


China to invest Aus$445bn in rail system.


Here's some extracts from the Article in mention:

CHINA will invest nearly $A445 billion in its overburdened rail system as a stimulus measure aimed at blunting the impact of the global financial crisis.

The investment is part of plans to extend the country's railway network from the current roughly 125,502km to nearly 160,900km by 2010, Shanghai's Oriental Morning Post reported.

The paper quoted a government policy adviser saying the plan was similar to China's successful strategy for warding off the Asian financial crisis of the late 1990s.

The China Daily newspaper said the rail investment plan had been approved by the State Council. About 1.2 trillion yuan ($A252 billion) had already been allocated, it said.

Link $445bn in rail system
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