Inner Mongolia to invest 130 billion yuan in major infrastructure projects

Time:2020-04-16 10:34:25      Source:ChinaDaily.com
North China's Inner Mongolia autonomous region announced Wednesday it plans to implement 890 major infrastructure projects this year, with an investment of about 130 billion yuan (about $18.41 billion).
 
In the coming months, the region will carry out a number of major infrastructure construction projects, such as water conservancy facilities, highways, high-speed railways, airports, and information and logistics infrastructure, centering on the new requirements for high-quality development, said Gong Mingzhu, head of the regional development and reform commission, at a press conference.
 
For example, Inner Mongolia will accelerate the construction of a new airport in Hohhot, capital of the autonomous region, and seven general airports. Meanwhile, construction on data center projects of Apple, Huawei and Alibaba in Ulanqab will be sped up.
 
The implementation of major projects will not only gradually fix the autonomous region's weak links in the infrastructure sector but also let investment play its role in boosting economic growth and stabilizing employment, said Gong.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-20
Shuozhou 5200 435 0 FOR 06-20
Ordos 5500 415 0 ex-mine 06-20
Yulin 6200 535 0 ex-mine 06-20
Liulin Low-sulphur 560 0 ex-mine 06-20
Gujiao Low-sulphur 1095 0 FOR 06-20
Xingtai Low-sulphur 1210 0 ex-Factory 06-20
Yangquan PCI 770 0 FOR 06-20
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