Ding Xiangyang, director of the Beijing Municipal Commission of Development and Reform, announced that Beijing plans to invest more than 320 billion yuan ($36 billion) in the next four years to beautify the city in time for the 2008 Summer Olympic Games, up from the original investment of 230 billion announced in 2003.
The money will be invested in more than 860 infrastructure construction projects to build “a more beautiful more developed and more prosperous new Beijing”, reports the Xinhua news agency’s Web site.
Ding said Beijing will continue to focus on resolving energy supply problems and easing transportation chaos which citizens have complained about, reports the Beijing Youth Daily.
Of the money to be spent 184 billion yuan will be invested in transportation facilities, while another 50 billion yuan will be put into energy installations, reports Xinhua.
Eighteen billion yuan will be dedicated to water conservation projects, 16 billion to environmental improvement projects, 15.5 billion to dismantlement and renovation of existing illegal buildings and 43 billion yuan to post communication and other projects.
