Qingdao is ready to spend more than 29 billion yuan ($4.2 billion) before 2016 on its subway construction, the government announced Tuesday after getting the approval from the State Council, Qilu Evening News reported Tuesday.
The construction of 54.7 km mileage of subway line will be completed before 2016 with a total investment of 29.2 billion yuan ($4.3 billion).
The city plans to build eight subway lines in downtown and some suburban districts, which account for 231.5 kilometers in future.
During the 11th Five-year Plan period (2006-2010), China plans to invest 200 billion yuan ($29.4 billion) in urban public transport construction and make the total mileage of subway and light track in the mainland cities exceed 1,500 km in 2010.
According to statistics, another 65 urban rail lines with a total length of 1,700 km will be built between 2010 and 2015.