China to invest 15 bln yuan to modernize Yangtze River waterway

(November 24, 2006) China will invest 15 billion yuan (1.875 billion U.S. dollars) in the next five years to modernize the Yangtze River waterway, the world’s third longest river with a length of over 6300 km, Li Shenglin, minister of Communications said in Nanjing on Tuesday.