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May 7, 2011

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Rail Investment To Reach 745b Yuan in 2011

CHINA'S Ministry of Railways announced yesterday that its total investment this year will reach 745.5 billion yuan (US$115 billion), with 600 billion yuan going towards infrastructure construction.

The statement follows media reports that the ministry could scale back investment by as much as 200 billion yuan this year, as the rapid expansion of the country's high-speed rail network has led to debt concerns.

A spokesman said investment reflects the continuity of railway construction and that China's high-speed rail network will expand to 45,000 kilometers by 2015.


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