China Plans Infrastructure Boom for Yangtze River Delta
- Xi has hailed Yangtze Delta development as national strategy
- Local governments expected to create joint investment funds
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China will encourage local governments in the Yangtze River Delta around Shanghai to jointly set up investment funds for major infrastructure projects and ecological development, according to a plan published by the state news agency Xinhua on Sunday.
The plan lays out targets to increase the density of roads, railways, airports and ports in the delta, an area already equipped with comparatively sophisticated infrastructure. Other big-ticket projects on the list include water conservancy facilities, power grids, and renewable energy plants. The plan didn’t specify a target value for the investment.