China Rail outlines 800b yuan outlay

China Rail outlines 800b yuan outlay

China’s national railway operator has set its full-year fixed-assets investment target at 800 billion yuan for a third consecutive year, the China Business News reported.

Total fixed-asset investment is expected to reach 800 billion yuan this year, with passenger and freight capacity up 10 percent and 2 percent respectively, the newspaper quoted general manager Sheng Guangzu as saying at a work conference on Sunday.

Last year, total fixed-asset investment reached 823.8 billion yuan, with 9,531 kilometers of new railways, including 3,306 km high-speed rail lines, put into use, according to the conference.

 

China Rail outlines 800b yuan outlay

Xinhua

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