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Pudong seeks US$6b of infrastructure cash
29/10/2008 10:20

Liang Yiwen/Shanghai Daily news

Pudong Development and Reform Commission wants to increase the fourth-quarter financing of investment projects by 41 billion yuan (US$6 billion). It asked for the funds yesterday at the 17th meeting of the standing committee of the Pudong New Area People's Congress.

This is the biggest appeal for an increase in financing on construction since the new area was set up 18 years ago, said Peng Xulan, vice director of the standing committee.