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China to spend $30 bn in Tibet on infrastructure development in 5 years

China is planning to spend big in Tibet as its new Five-Year Plan has allocated about USD 30 billion to ramp up the infrastructure in the remote Himalayan province

New foreign investment is on track to set another record in 2020, hitting 94% of last year’s total by the end of November

Press Trust of India Beijing

China is planning to spend big in Tibet as its new Five-Year Plan has allocated about USD 30 billion to ramp up the infrastructure in the remote Himalayan province, including building new expressways and upgrading the present ones which have been laid out till the Indian borders.

According to the 14th Five-Year Plan, China is planning to spend about 190 billion yuan (about USD 29.3 billion) in the 2021-2025 period on transportation infrastructure projects.

The money will be used on building new expressways, upgrading existing highways and improving the road conditions in rural areas, among other fields, state-run Xinhua news agency reported, quoting the regional transportation department in Tibet.

 

By 2025, the total mileage of highways in Tibet will exceed 120,000 km, and that of expressways will exceed 1,300 km, the department said in a statement. A comprehensive transport system that is convenient, fair, shared, safe and green will generally take shape by 2025, it added.

With strong support from the central government, Tibet's transportation infrastructure saw marked improvement in the 2016-2020 period, it said.

Its road network reached a total length of 118,800 km at the end of last year, up over 50 per cent from the end of 2015, it said.

A senior Chinese official announced on Saturday that China will operate bullet trains in Tibet, close to the Indian border in Arunachal Pradesh, before July this year, marking the opening of high-speed train services to all Chinese mainland provincial-level regions.

A 435-km rail link to the regional capital of Lhasa will run Fuxing high-speed trains powered by both internal-combustion and electricity, Lu Dongfu, board chairman of China State Railway Group Company Limited, told state-run Xinhua news agency.

China is developing its train network in Tibet, connecting its remote parts with Chinese mainland.

In December last year, the track-laying work was completed for a railway line linking the cities of Lhasa and Nyingchi in Tibet close to the Arunachal Pradesh border.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 09 2021 | 9:39 PM IST

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