Economy

Mayor vows openness on Expo expenditure

By Zuo Likun (chinadaily.com.cn)
Updated: 2010-02-01 10:59

Shanghai Mayor Han Zheng speaks at a government?press conference in?Shanghai?Sunday?January 31, 2010. [Photo/EASTDAY.com]?

Investment for the 2010 Shanghai World Expo will be fully audited and open to public supervision, Shanghai Mayor Han Zheng said at a government press conference, Xinhua reported Monday.

Gross investment in construction for the international event will be managed within 18 billion yuan (US$2.63 billion), while the estimated operation expenditure will cost up to 10.6 billion yuan (US$1.55 billion), according to the municipal chief.

The municipality also pledged more effort to ensure lodging and traffic capacity for tourists, estimated at 400,000 people per day during the six-month World Expo starting on May 1.