Beijing earmarks $40 bln to get in Olympic shape

Newswire

BEIJING, June 27 (Reuters) - Beijing plans to pump nearly $40 billion into a massive infrastructure building spree to make sure the city is ready to host the 2008 Olympics, state media said on Monday. The groundwork building drive will dwarf Beijing's $2 billion Olympic operating budget and the $2 billion it has put aside for venue construction. "Beijing will raise 320 billion yuan ($38.7 billion) from home and abroad for building 860 infrastructure projects before 2008 to facilitate ...

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