China’s National Development and Reform Commission approved a railway project linking Nanchang in eastern China’s Jiangxi Province and Huangshan in Anhui Province. The total investment of CNY 48.57 billion (USD 7.47 billion).
The 286 km line with 9 stops will allow trains to run ast speeds of 350 km/h, the National Development and Reform Commission said.
China spent CNY 801 billion (USD 123.3 billion) on railway projects and put 3,038 km of new tracks into operation in 2017, meeting its annual targets of CNY 800 billion of investment and 2,100 km of new lines, according to the China Railway Corporation.
By the end of 2017, total mileage of China’s railways in operation reached 127,000 km. Among the total, high-speed railways rose to 25,000 km from 22,000 km at the end of 2016.
The growth of railway construction projects came at a time when the country is enduring continuous deceleration in growth of fixed-asset investment.
In the first 11 months of 2017, fixed-asset investment grew 7.2 percent year on year, down from 8.3 percent during the same period in 2016.
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