Rail investment right on track

2008-10-28  |     NEWSPAPER EDITION

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CHINA'S State Council has approved a total of 2-trillion-yuan (US$292.2 billion) investment in railway construction, which was set in the Mid-term and Long-term Railway Network Scheme issued in 2004, according to the Ministry of Railway.

According to the plan, the country will need 2 trillion yuan for railway construction between 2004 and 2020. Now the approved investment has exceeded the 1.25 trillion yuan set in the 11th Five-Year Plan for the period from 2006 to 2010. Of the total, 1.2 trillion yuan has been injected to ongoing constructions.

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