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Hunchun gets subsidy to develop cross-border infrastructure
HUNCHUN city, situated in northeast China's Jilin province at the border joint of China, North Korea and Russia, has received CNY520 million's (US$84.43 million) subsidy to build international transport infrastructure, which will boost Hunchun's international cooperation and prompt the city's further opening-up.
The subsidy, granted by China State Council, will be used on developing major cross-border transport infrastructure connecting Russia, North Korea and Mongolia, said Xinhua.
There are 11 projects in Jilin province that are on the list of key international transport projects. The province got a total subsidy of CNY2.4 billion for the period from 2013 to 2015, which means CNY800 million per year.
Hunchun city's Quanhe checkpoint bridge, two highways, and a railway connecting to other cities in Jilin province are able to enjoy support of CNY520 million.
To ensure best use of the subsidy, government of Jilin province has rolled out regulations on management of the money, which have detailed description on allocation of the money, range of application and supervision responsibility of different authorities.
Georgia budget passes with US$35 million tranche for Savannah dredging
THE US$35 million in additional Savannah port dredging 42 to 47 feet has been approved by the Georgia state legislature.
Along with previous funding, Georgia has now allocated $266 million, fulfilling the state's portion of the Savannah Harbour Expansion Project (SHEP).
A US Army Corps of Engineers study has shown that SHEP will reduce shipping costs for private companies by $174 million a year, said the release from the Georgia Ports Authority (GPA).
The Corps study shows a 5.5-to-1 benefit to cost ratio, meaning that for every dollar spent on dredging, the US will reap $5.50 in benefits.
Approved by the Environmental Protection Agency, the Fish and Wildlife Service and the National Marine Fisheries Service, the project is anticipated to cost $652 million.
Said GPA executive director Curtis Foltz: "The $266 million in state funding for SHEP is enough to allow significant progress on the project, including environmental improvements such as rerouting freshwater flows, and improvements to the outer harbour. Besides deepening the channel, the harbour expansion will also include general navigation improvements, such as wider channel turns and a larger turning basin."
The Port of Savannah handled eight per cent of the US container cargo volume and 10.9 per cent of all US containerised exports in FY2013.
The subsidy, granted by China State Council, will be used on developing major cross-border transport infrastructure connecting Russia, North Korea and Mongolia, said Xinhua.
There are 11 projects in Jilin province that are on the list of key international transport projects. The province got a total subsidy of CNY2.4 billion for the period from 2013 to 2015, which means CNY800 million per year.
Hunchun city's Quanhe checkpoint bridge, two highways, and a railway connecting to other cities in Jilin province are able to enjoy support of CNY520 million.
To ensure best use of the subsidy, government of Jilin province has rolled out regulations on management of the money, which have detailed description on allocation of the money, range of application and supervision responsibility of different authorities.
Georgia budget passes with US$35 million tranche for Savannah dredging
THE US$35 million in additional Savannah port dredging 42 to 47 feet has been approved by the Georgia state legislature.
Along with previous funding, Georgia has now allocated $266 million, fulfilling the state's portion of the Savannah Harbour Expansion Project (SHEP).
A US Army Corps of Engineers study has shown that SHEP will reduce shipping costs for private companies by $174 million a year, said the release from the Georgia Ports Authority (GPA).
The Corps study shows a 5.5-to-1 benefit to cost ratio, meaning that for every dollar spent on dredging, the US will reap $5.50 in benefits.
Approved by the Environmental Protection Agency, the Fish and Wildlife Service and the National Marine Fisheries Service, the project is anticipated to cost $652 million.
Said GPA executive director Curtis Foltz: "The $266 million in state funding for SHEP is enough to allow significant progress on the project, including environmental improvements such as rerouting freshwater flows, and improvements to the outer harbour. Besides deepening the channel, the harbour expansion will also include general navigation improvements, such as wider channel turns and a larger turning basin."
The Port of Savannah handled eight per cent of the US container cargo volume and 10.9 per cent of all US containerised exports in FY2013.
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