China has approved construction of four railway lines worth 66.24 billion yuan (USD 10.79 billion) as the government steps up infrastructure investment to boost growth. It is the third time this month that China approved new railway projects.
The new railway lines will run in northeastern Jilin Province, southwestern Chongqing, Shaanxi Province and Inner Mongolia Autonomous Region, the National Development and Reform Commission (NDRC) said in a statement.
By the end of October, the country had invested 590 billion yuan (USD 96 billion) in railway projects, or 74 percent of the total earmarked for railways this year, Fei Zhirong, head of NDRC’s infrastructure bureau, said.
Source: xinhuanet.com
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