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China to sharply increase investment in railway construction
(Xinhua)
Updated: 2009-08-11 11:51 BEIJING: China plans to invest at least 700 billion yuan (US$102.49 billion) per year in railway construction over the next three years, said Wang Zhiguo, vice minister of railways on Monday.
He said by the end of next year, about 20,000 km of new railways will be approved for construction, which will need an investment of at least two trillion yuan. By the end of this year, China will have a total of 86,000 km rail lines, second only to America, according to Wang. |