A senior official has warned that China's cities may end up surrounded by garbage dumps and slums if urgent action is not taken to attract private investment in public utilities.
About $76 million a year could have been saved if the Government had set up a system to charge public utilities for digging up roads, the report says.
Plans to charge utility companies for road digging will be tabled in the legislature for approval in February. Works that run beyond the approved period will be charged on a daily basis.
China will gradually open its tightly controlled urban utility sector to the private sector, according to a Ministry of Construction official.
This is the first time a mainland...
Shenyang Public Utility Holdings will kick off its international roadshow next month in an attempt to ride a buoyant market and raise close to US$100 million from an H-share listing.
HONG KONG utility companies are heading for 'chaos' before the end of the century as market pressures and deregulation transform the industry, predicts Andersen Consulting.