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Tibet to invest RMB 3 bln in indemnificatory housing

January 16, 2009

Jan. 13, 2009 (China Knowledge) - China's Tibet Autonomous Region plans to spend RMB 3 billion to build 30,000 flats under its indemnificatory housing projects in the coming three years, sources reported.
Chen Jin, Head of Tibet's Construction Department, told sources that RMB 1 billion will be used for the construction of 10,000 units of low-rent and budget housing, while the remaining RMB 2 billion to be invested in 20,000 units of temporary houses for low-income families.
The autonomous region has started the low-rent housing project since 2007. So far, the first project has completed construction and 1,056 families have moved in.
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