BEIJING - China's state planner has approved an urban railway project worth 98.07 billion yuan ($15.19 billion) in the eastern city of Qingdao, Shandong province, the National Development and Reform Commission said in a notice on Monday. ($1 = 6.4541 Chinese yuan renminbi)

(Reporting by Beijing newsroom; Editing by Kevin Liffey) ((gao.liangping@thomsonreuters.com;))