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China to spend nearly 200b yuan on railway projects

Updated: Nov 17,2016 7:02 PM     Xinhua

BEIJING — China’s top economic planner has approved spending of 194.58 billion yuan ($28.6 billion) on five railway projects.

The National Development and Reform Commission has approved the construction of a railway between Ganzhou in Jiangxi province and Shenzhen, with a length of 432 km at an estimated cost of 64.13 billion yuan, the Ministry of Transport (MOT) said on Nov 17 in an online statement.

The commission has also given permission for a 148.7 km railway between Beijing and Tangshan in Hebei province to facilitate transport in the Beijing-Tianjin-Hebei region. The project is expected to cost 44.9 billion yuan, said the MOT.

Another project, to rejuvenate the northeastern region, is the 375 km railway between Mudanjiang city and Jiamusi city in Northeast China’s Heilongjiang province, expected to cost 38.56 billion yuan.

The government plans to spend 4.7 trillion yuan on transport infrastructure by 2019, according to official data.

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