Railway investment said to exceed $121b in 2017
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.