Virus-Hit Wuhan to Invest USD6.4 Billion on Transport This Year
Dou Shicong
DATE:  May 20 2020
/ SOURCE:  Yicai
Virus-Hit Wuhan to Invest USD6.4 Billion on Transport This Year Virus-Hit Wuhan to Invest USD6.4 Billion on Transport This Year

(Yicai Global) May 20 -- Wuhan, the Chinese city most heavily struck by the Covid-19, will ensure an investment of CNY45.4 billion (USD6.4 billion) on transport facilities this year.

The local transport department is striving to meet its annual investment target and to even splash out up to CNY45.8 billion to beat it, Xinhua News Agency reported today.

The onslaught of the coronavirus halved such spending last year.

The Central China hub home to 11 million residents invested about CNY81 billion in transit infrastructure last year, including over CNY40 billion on railways. The city also completed reconstruction of the runway and terminal of its Tianhe International Airport.

Editor: Ben Armour
 

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Keywords:   Wuhan,Transport Investment