(Nikkei BP Group)
(No.1 High-Tech News Site in Japanese)
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| Chongqing to Invest US$1.4B in Telecom Facilities
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October 12, 1998 (CHONGQING, China) -- The municipality of Chongqing
in southwestern China plans to invest RMB11.6 billion (US$1.4 billion)
over the next three years to develop a variety of telecommunications
facilities.
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It will build a main transmission network, exchange platforms, a village
telecom network and a large-scale telecom network in the Three Gorges
area. The municipality is expected to be transformed into an "information
port" to improve the investment environment and promote the development
of high technology.
Chongqing, as China's newest municipality, lags behind other major metropolitan
areas in terms of its telecom infrastructure.
The lack of reliable telecom services has made it difficult for overseas
investors to conduct business in the city.
Statistics from the municipal government indicate that only 25 percent
of the local villages have access to telephones, with the access rate
some 50 percent lower than the national average.
(Xinhua News Agency)
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