September 9, 2004
China cuts Olympic construction spending
China will build five new stadiums for the 2008 Beijing Olympics instead of the 10 that were originally planned to save money.
The plan was announced by the government last week, less than a month after the International Olympic Committee requested China slow down construction in order to cut costs.
Liu Qi, president of the Beijing Olympics organizing committee, told the ruling Communist Party newspaper that construction should be “based on the principles of meticulous calculation and thriftiness.”
“If the buildings can be renovated, we will not build new ones,” Liu said in the People’s Daily.
“If the buildings can be temporary, we will not build permanent ones.
“We will do our best to save money.”
Many of the new stadiums will be planned and designed so they can be used after Olympics, he said.
Beijing is expected to spend $24.2 billion on new subway lines, roads and other facilities by 2008.
In April, ground was broken at a 100,000-seat stadium and officials said then they plan to have all their major building projects finished more than 18 months before the games begin.
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 527 projects with a total value of $1,552,331,732 that Reed Construction Data Building Reports reported on Friday.
$120,000,000 Oakville ON Tenders
$48,225,000 Etobicoke ON Prebid
$40,000,000 Ottawa ON Negotiated
- CCA96th: Unlocking Canada's Potential
- VIDEO: LiUNA Local 183 Training Centre introduces new programs
- Break ground beyond Canada, says new CCA chair
- Construction of Haiti’s Ecole Lakay drives forward
- The power of proper project management
- Panama Construction Fact for Today
- Federal government unveils $32.5 million in funding for Quebec ice oval
- Canadian job market “sputters” in February
- Construction and machinery to see increased investment, says StatsCan
- Line 3 pipeline plans for Enbridge
- Manitoba focuses on infrastructure spending in budget
- Concerns raised about P3 approach for Saskatchewan schools
- Team work and prep are keys to success: Hadfield
- Journal of Commerce Preview for the week of March 10th, 2014
- Panama Canal expansion digs deep
- Wood Design Awards
- Outgoing chair reflects on time at the helm of the CCA
- School board asks for traditional procurement
- Site Services in Vancouver
- Looking to improve contract awards
- Environmental verdict riles Taseko
- Prentice to mediate First Nations agreements
- CAWIC funded to create action plan to attract women
- More video surveillance used on construction sites
- Modular workforce housing meets Alberta Building Code standard
- Manitoba outlines infrastructure plan
- BC Hydro posts RFQ for Site C project