Rail­way in­vest­ment said to ex­ceed $121b in 2017

China Daily (Canada) - - NEWS CAPSULE -

This year’s fixed in­vest­ment in China’s rail­way sec­tor might ex­ceed $121.04 bil­lion, a tar­get set by China Rail­way at the be­gin­ning of 2017, Eco­nomic In­for­ma­tion Daily re­ported, cit­ing an un­named in­dus­try source.

The source at­trib­uted his pre­dic­tion to cur­rent con­struc­tion progress and the fact that gen­er­ally the fourth quar­ter is a peak sea­son for rail­way build­ing.

In the first eight months, fixed in­vest­ment in the rail­way sec­tor na­tion­wide in­creased by 4.7 per­cent yearon-year, ac­cord­ing to China Rail­way’s data cited by the Eco­nomic In­for­ma­tion Daily.

Cur­rently, two ma­jor rail­way lines are un­der con­struc­tion.

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