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High speed railway over 22,000 kilometers

Updated: Jan 4,2017 2:15 PM’s Daily

A bullet train is seen at the Kunmingnan Railway Station in Kunming, capital of Southwest China’s Yunnan province, Dec 28, 2016. The Guiyang-Kunming section of Shanghai-Kunming high-speed railway was put into operation on Dec 28, marking that the whole Shanghai-Kunming high-speed railway line is in full operation. [Photo/Xinhua]

Traffic mileage of China’s high speed railways surpassed 22,000 kilometers by the end of 2016, with a total railway mileage of 124,000 kilometers, according to China Railway Corporation.

There were 3,281 kilometers of new railways constructed last year, with a total investment of 801.5 billion yuan ($115.2 billion). Passengers made 2.77 billion trips, rising 11.2 percent compared to a year before.

Railway freight has bottomed out with a total delivery volume of 2.65 billion tons.

In 2017, 2,100 kilometers of new railways will be constructed. In addition, capitalization of railway assets will be promoted through the reform of the financing mechanism, securitization, mixed-ownership, and debt-to-equity swaps in China Railway Corporation.