Sam Fraser
06-03-2010, 05:30 PM
The audacious plan is rising up from former mud flats along the Yellow Sea. Cisco and New York City-based Gale International hope the privately funded $35 billion Songdo project leads to at least 20 similar developments in China, India, Vietnam and other countries in coming years.
http://www.mercurynews.com/news/ci_15205810?nclick_check=1
Privately funded? Wow. Money quote:
According to a study by investment bank CIBC World Markets, governments are expected to spend $35 trillion in public works projects during the next 20 years.
Don't tell me there's no money out there.
http://www.mercurynews.com/news/ci_15205810?nclick_check=1
Privately funded? Wow. Money quote:
According to a study by investment bank CIBC World Markets, governments are expected to spend $35 trillion in public works projects during the next 20 years.
Don't tell me there's no money out there.