Wednesday, September 19, 2012

China investing big in metro rail

The Transport Politic: "With China’s growth slowing — a product of internal economic changes as well as the continued poor performance of the U.S. and Europe — the country’s government has decided to accelerate investments in its cities’ rapid transit networks as part of a larger transportation infrastructure program. About $127 billion (or 800 billion yuan) is to be directed over the next three to eight years to build 25 subways and elevated rail lines as a stimulus whose major benefit will be a increase in mobility for the rapidly urbanizing nation."

'via Blog this'

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