In what can only be described as a "stonkingly large" investment, China has stated that it will invest $59.5BN in Beijing infrastructure during the 2006-2010 period.
The money will be spent on 2,400 construction and upgrading projects. The projects to ease city traffic, improve energy and water supply and improve the city environment will be completed before start of the 2008 Beijing Olympic Games.
Beijing plans to have a state of the art international air service hub by 2008, which will be able to process 60 million passengers a year.
Beijing will also expand parking lots, and ensure that there will be a parking place for each motor vehicle in the coming five years. Beijing now has approximately 2.8 million motor vehicles but only 1.4-1.5 million parking places.
The Taiyanggong gas-firing thermal power plant will have been built by 2008, and heating pipes laid for the Olympic gymnasiums and surrounding areas. Electricity transmission projects for the areas will be completed, and construction will be speeded up on the Beijing section of the south-to-north water diversion program.
Beijing also intends to clean up rivers and lakes, and to improve the water quality.
Ambitious plans indeed.
Can the environment and the econmy afford them?