China to invest 15 bln yuan to modernize Yangtze River waterway

Xinhua News Agency | November 21, 2006 | Copyright

China to invest 15 bln yuan to modernize Yangtze River waterway

NANJING, Nov. 21 (Xinhua) -- China will invest 15 billion yuan (1.875 billion U.S. dollars) in the next five years to modernize the Yangtze River waterway, the world's third longest river with a length of over 6300 km, Li Shenglin, minister of Communications said here Tuesday.

The money will be mainly used for waterway management, port construction, shipbuilding standardization and shipping security projects, Li said at a meeting held in Nanjing.

The Yangtze River is China's longest and the world's third longest river. It has ...

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