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| Wednesday, October 08, 2008 00:17:38 |
190% up for China railway investment
For the first half of 1006, China’s total railway investment mounts to 62.19 billion yuan, which is a 190% year-on-year jump, as reported by People's Daily. The Ministry of Railways said that the investment was mainly allocated for large- and middle-scaled construction projects.
China has just opened the Qinghai-Tibet Railway this month, which aimed at connecting Tibet with the other parts of China. People can now travel straight from Beijing or Shanghai to Lhasa. The ongoing projects are the Beijing-Tianjin intercity rail and also the electrified renovation of the Beijing-Shanghai route.
According to the whole-year plan released by the Ministry of Railways at the beginning of 2006, the total investment for China's railway construction projects will reach 160 billion yuan this year, writes People’s Daily.
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