China

China: Post-quake infrastructure revamp to cost $24 bln

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BEIJING, Nov. 7 (Xinhua) -- China's top economic planner said Friday the investment in post-quake infrastructure reconstruction was estimated at 167 billion yuan (23.9 billion U.S. dollars).

The National Development and Reform Commission (NDRC) said in a special post-quake infrastructure reconstruction plan the money would go to a variety of sectors including transport, telecommunications, energy and water resources to aid the reconstruction in Sichuan, Gansu and Shaanxi provinces.

The area was hit by a massive quake in May.

The plan was worked out jointly by the NDRC, the ministries of transport, railways, industry and information technology, and water resources and the National Energy Administration.

Editor: Jiang Yuxia