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Home >> Tibet Travel Guide >> Fixed Assets Investment In Tibet

Fixed Assets Investment In Tibet

Fixed assets investment in Tibet In 2005, the amount of fixed assets investment reached 19.619 billion Yuan, an increase of 16.5 percent over 2004. This included 3.285 billion Yuan raised publicly, an increase of 54.0 percent.

So far as the economic modes are concerned, the State sector invested 14.994 billion Yuan, an increase of 9.4 percent; the collectively-owned sector invested 674 million Yuan, an increase of 4.6 times; other economic sectors provided 2.509 billion Yuan, a rise of 12.0 percent; individuals invested 1.442 billion Yuan, a rise of 86.1 percent.

Urban investment was 19.015 billion Yuan, up 15.4 percent, including 602 million Yuan of real estate development investment, down 11.6 percent; the building investment of urban and mining areas reached 672 million Yuan, an increase of 75.5 percent; rural investment was 603 million Yuan, a rise of 65.2 percent. Of the rural investment, that of farming households reached 569 million Yuan, up 69.6 percent and that of the collective sector was 34 million Yuan, an increase of 28.5 percent.

Tibet received 20.415 billion Yuan in total funding, an increase of 13.3 percent over the previous year. This included 11.464 billion Yuan of State-budgeted funds, an increase of 12.7 percent; 623 million Yuan in domestic loans, a fall of 3.3 percent; 3.874 billion Yuan of self-raised funds, a fall of 7.3 percent; 4.377 billion Yuan of other kinds of investment, an increase of 79.4 percent.

In the past five years, the total amount of fixed assets investment reached 19.619 billion Yuan, use of which enabled a batch of infrastructure and basic industrial projects playing an important support role in economic growth to be built. This included the completion ahead of schedule of the Qinghai-Tibet Railway lines, the start of construction of Nyingchi Airport, an increase of 500,000 kW in total installed electricity generation and 43,700 km of roads including 3,288 km with an asphalt surface. Fixed assets investment also attached importance to farming and pasturing area, carrying out such construction items such as opening new rural roads, electrification, water supply, irrigation works of farmland and pasture and nomadic people¡¯s settlement. Thus, more than 40,000 nomadic people in 8,185 households were enabled to settle down and the drinking water supply difficulties of 588,000 farmers and herdsmen¡¯s were solved, further improving production and living condition in the farming and herding areas.

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