摘要
The third pipeline is a key project approved in 2012 by the State Council.The new project is expected to cost 125 billion yuan(US$ 19.7 billion)to build.The CNPC,Baosteel and China’s Social Security Fund agreed in May 2012 to jointly invest in the scheme through a joint venture company.The project is also open to private investment.As the top shareholder of the joint venture company,CNPC holds a 52-percent stake.The first pipeline,crossing 10 provinces and regions,has transferred more than 138
The third pipeline is a key project approved in 2012 by the State Council. The new project is expected to cost 125 billion yuan （US$19.7 billion） to build. The CNPC, Baosteel and China＂s Social Security Fund agreed in May 2012 to jointly invest in the scheme through a joint venture company. The project is also open to private investment. As the top shareholder of the joint venture company, CNPC holds a 52-percent stake.
