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China

China, Shenyang - cn/29

Metro

  Total length 25 km with an estimated project cost of $200 million. Land leases to be made available along the line to help pay. The Shenyang government was also seeking $100 million in government or commercial loans. Contact Wu Huadong at Shenyang Light Rail Project Office or Wang Rongle, Liaoning Province, 1 Deshengmenwai Dajie, Liaoning Hotel, China 100088. November 1999.  Construction of the Shenyang metro is scheduled to commence at the end of this year. An estimated US$1.2 billion will be invested in the project and the planned length will be 21.7 km. There will be 17 stations. Construction is scheduled to complete in 2006. 38/02.Daewoo Construction intends to enter into a tie-up with the northeastern Chinese city of Shenyang to build the first metro in the city with a total investment of 9.48 billion yuan. The 22 km line will have an average investment of 430 million yuan per km. Construction is expected to start in September. The local government will invest 4 billion yuan, or 43 % of the total investment over a four-year period. The city is considering borrowing funds from the State Development Bank, the China Construction Bank, the World Bank, the Asian Development Bank and Japan's Overseas Economic Cooperation Fund. Visit www.dwconst.co.kr/homepage/daewoo_eng/index.html 36/03.



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