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Buoyant future for Yangtze shipping

(chinadaily.com.cn)
Updated: 2009-06-05 14:34

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A total of 43 billion yuan ($6.3 billion) will flow into upgrades to the Yangtze River in the next 11 years.

The money will pay for navigation improvements to the busiest waterway in China - work that will be completed by 2020, according to a news release from the river's administration.

The upgrades call for an extension to the river's deepwater navigation course, a widening of parts of the narrow channel in the middle reach and the purchase of maintenance facilities.

Unlike the ocean transportation industry, the inland shipping industry has not seen a slowing in volumes caused by the global economic downturn, said Wang Jianbin, a water transport official with the ministry...

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