China to spend $46.89 billion for development of Tibet

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http://timesofindia.indiatimes.com/world/china/China-to-spend-46-89-billion-for-development-of-Tibet/articleshow/9984990.cms

BEIJING: China will invest over USD 46.89 billion on 226 key projects in Tibet between 2011 and 2015 to speed up social and economic development of the strategic region, state media said today.

"The projects, aimed at achieving rapid development in Tibet will cost 330.5 billion yuan in total," said Hao Peng, executive vice chairman of Tibet's regional government, at an internal meeting held yesterday.

The projects will cover infrastructure construction, environmental protection, housing, health care, social security, vocational training and other areas concerning the livelihood of the Tibetans, he said.

"By the end of 2015, a total of 193 billion yuan will have been spent on these projects," he was quoted by official Xinhua news agency as saying.