国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China, Venezuela sign $7.5 billion railway deal

(Agencies)
Updated: 2009-07-31 07:51

CARACAS: Venezuela and China formed a joint venture on Thursday worth $7.5 billion to build a railway that will link farm and oil regions in the South American country, a senior official said.

The China Railways Engineering Corporation (CREC) will hold a 40 percent stake and the Venezuelan state will own the rest, said Infrastructure Minister Diosdado Cabello.

The 468 km (290 miles) of railway are to link grain and cattle production in southwestern Cojedes state with oil fields in eastern Anzoategui state.

Related readings:  Technology boosts railway tools manufacturer to take global flight  China Railway eyes 12 billion yuan bond issue  China Railway bags 11 orders  China Railway Construction wins 28.12b yuan in bids

"Now the (farmers) will have a railway to help them with their crops," Cabello was quoted as saying in a government statement.

The project will generate 7,500 jobs and is to be completed in 2011, he added, after signing the agreement with Bai Zhong Ren, vice president of CREC.

Venezuela, which depends heavily on trucks to transport cargo domestically, has begun construction of several railway lines to link regional production centers.

The government intends to build thousands of homes for workers who will develop the Orinoco field of extra-heavy oil.