China May Spend 500 Bln Yuan on Urban Transit From 2010-2015 – Bloomberg

From Bloomberg:

China plans to spend more than 500 billion yuan ($63 billion) on subways and light railway networks between 2010 and 2015 to ease and jams in its major .

The wants to build 1,321 kilometers of rail lines during the period in 15 cities, Li Fengjun, deputy head of the railway division of the Ministry of Construction, said at a in today.

About 45 million , more than the population of , will move from China’s rural areas to its cities and towns between 2006 and 2010, according to the National and Reform Commission. The migration is causing congestion and pollution across the country.[Full Text]

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