Date
18 October 2017

New railway investments raised to 471.3 bln yuan, CNS says

Investment in new railway projects this year has been raised 13.3 percent to 471.3 billion yuan (US$230.226 million) from 416 billion yuan, China News Service reported Sunday, citing an unnamed official of the China Railway Corp. The budget increase came after the State Council said railway construction should be speeded up. The number of new projects has been increased to 47 from 38, and all of them will begin construction by year-end, the report said.

– Contact HKEJ digest@ejinsight.com

TL/AC/CG

 

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