China’s Vice Premier Ma Kai announced that his country will continue a “relatively large” scale of railway investment in the next five years. “We should speed up the expansion of China’s high-speed railway network, build more inter-city and city-suburb links, and work to complete a freight railway network,” the vice premier said.
China has to accomplish the target of investing this year more than 800 billion yuan (USD 123.7 billion) in railway projects, especially in Central and Western regions.
China has 121,000 km of railway lines in operation, of which 19,000 km are high-speed lines. This represents 60% of world’s HSR network.
China has invested 820 billion yuan (USD 124.6 billion) in transport infrastructure in 2015 and has made investments of 3.5 trillion yuan (USD 532 billion) over the last 5 years, according to China Railway Corp. For 2016-2020, China will increase investments to 3.8 billion yuan (USD 577.5 billion), aiming at both conventional and high-speed rail infrastructure projects.
The 13th Five-Year Plan for 2016-2020 proposal drafted by the competent authorities plans to boost China’s railway network to a total length of 150,000 km, with high-speed rail of 30,000 km by 2020. To achieve this rail infrastructure development goal, 23,000 km of tracks will be added by 2020. To achieve this rail infrastructure development goal, 23,000 km of tracks will be added by 2020.
Share on:
