Another City Halts Subway Projects Amid Financing Concerns
Another city in northern China’s Inner Mongolia autonomous region has halted construction of subway projects worth billions of dollars, as the central government tightens scrutiny of local authorities’ infrastructure financing.
Separate sources from banks and regulatory bodies told Caixin that Hohhot, the capital city of Inner Mongolia, scrapped plans to build two subway lines and one expressway linking the city with Ordos, a mining city in southwest Inner Mongolia.
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