July 29, 2013
The first-of-its-kind plan comes amid projected deficits of $240 million a year through 2016.
April 3, 2012
The statewide results, which showed 34% of respondents opposed using state dollars to plug the transit system’s budget gap and 26% were undecided or did not know, came as a surprise to analysts, who expected wider opposition to state intervention.
February 22, 2012
Out of 23 current railway projects, some 70% have been suspended, partly suspended or delayed. Having run up enormous debts, the Chinese Railways ministry is struggling to persuade banks to continue to finance its ambitions.
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