China will speed up railway construction in central and western regions to lend steam to economic growth, Chinese Premier Li Keqiang said, quoted by Xinhua.
Railway construction is crucial to steadying growth, economic restructuring and improving public welfare and China will continue to focus on developing major railway projects in central and western regions to boost growth, Premier Li Keqiang said.
Local governments should reform investment and financing mechanism such as introducing more social capital to support railway project development and make coordinated efforts to streamline administrative approval and facilitate land acquisition and relocation, Li noted.
China aims to invest over 800 billion yuan (USD 130.36 billion) in railway construction to put more than 8000 kilometers additional railway lines into operation, generally the same with last year’s target.
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