Fixed-as­set in­vest­ment in rail­ways rises 4.7%

China Daily (Canada) - - BUSINESS19 -

Fixed-as­set in­vest­ment in China’s rail­ways rose 4.7 per­cent year-onyear to 453.6 bil­lion yuan ($65.9 bil­lion) in the first eight months of the year, ac­cord­ing to China Rail­way Cor­po­ra­tion. “In­vest­ment is ex­pected to hit a new high for the whole year, with to­tal in­vest­ment reach­ing 800 bil­lion yuan”, said Lu Dongfu, gen­eral man­ager of CRC. In the sec­ond half of 2017, ma­jor rail projects have started con­struc­tion, in­clud­ing a high-speed line be­tween Guangzhou and Shan­wei and be­tween Lianyun­gang and Xuzhou with de­signed speeds up to 350 kilo­me­ters per hour.

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