China’s NDRC projects approval spree continues6 September, 2012, 22:52. Posted by Zarathustra
Following the approval of 25 urban rail transit projects, the National Development and Reform Commission (NDRC) projects approval spree continues.
According to Sina, NDRC is approving another 20 projects following yesterday’s approval of railway projects, including 13 highway projects with total length of more than 2000 km.
On top of that we also see approval of constructions of rubbish burning power plant, sewage treatment plants, ports, warehouses, etc.
|By daiv (鄂东长江大桥) [CC-BY-3.0], via Wikimedia Commons|
Many of the projects being mentioned today have no disclosure about the size of the investments, so we do not have much idea about the impact on GDP generation, though we suspect that it will be rather small.
Nevertheless, it is still interesting to see this projects approval spree continuing.