Beijing announces $34b traffic plan

Beijing's traffic infrastructure budget in the next five years will be more than the one for the previous five years, a senior transport official with the municipal government has said.

Liu Xiaoming, director of the Beijing municipal committee of communications, said the city will spend 240 billion yuan ($34 billion) by 2012 to upgrade its traffic infrastructure, Beijing News reported on Saturday.

In the five years before the Olympics, the city had spent 170 billion yuan, Liu said.