New railway construction to get $538 billion: report
China is going to invest at least 3.8 trillion yuan ($538 billion) in new railway construction in the country’s 13th Five Year Plan (2016-2020), Caixin Media reported.
The plan aims to boost China’s railroad to a record 150,000 kilometers and high-speed rail to 30,000 kilometers (93,205 miles), it said, citing a draft proposal by transportation authorities.
The railway network would link any major city with a population over 200,000 and reduce the commuting time among them to 1 to 8 hours, according to the proposal.
More than 20 high speed routes are designed to expand the high-speed rail network, with priority going to links from Beijing to Shenyang, Northeast Liaoning province; from Taiyuan, North Shanxi province to Zhengzhou, Central Henan province and lines in the Midwestern provinces.
Snow and ice covered trees at Tu’erhong Township of Fuyun county, Northwest China’s Xinjiang Uygur autonomous region, on Monday.