China ap­proves two rail­way projects

China Daily (USA) - - BUSINESS -

China’s top eco­nomic plan­ner has ap­proved fea­si­bil­ity re­ports for two rail­way projects with to­tal in­vest­ment of 79.47 bil­lion yuan ($11.84 bil­lion). The two projects would be lo­cated in the coun­try’s un­der­de­vel­oped western re­gions, in­clud­ing Guizhou, the Guangxi Zhuang au­ton­o­mous re­gion and the Xin­jiang Uygur au­ton­o­mous re­gion, ac­cord­ing to state­ments on the web­site of the Na­tional Devel­op­ment and Re­form Com­mis­sion. China has a vast and ef­fi­cient rail­way net­work, but con­struc­tion has lagged be­hind in the less de­vel­oped western re­gions.

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