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(Nikkei BP Group)

(No.1 High-Tech News Site in Japanese)

  • Chongqing to Invest US$1.4B in Telecom Facilities
  • 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.
    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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    Updated: Fri Oct 9 19:13:08 1998 PDT