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China plans to invest $51 bln in railways construction by end of 2016

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China plans to invest $51 bln in railways construction by end of 2016

China Railway Corporation intends to invest 345,4 bln yuans ($51,71 bln) in the railways construction, as it is stated in the company’s report.


“In the first half of the year, 264,6 bln yuans ($39,62 bln) have been invested in the railways construction. The tasks set for the first half of the year in general have been fulfilled”, says the report.

Within the framework of a five-year plan implementation (2016 – 2020), the government of China intends to invest 3,8 trl yuans ($577 bln) in the development of national railways. The length of Chinese railways by the year 2020 is expected to be 150,000 kilometers, compared to the current 120,000.

Railways in China is a very important means of transportation. In 2015, Chinese trains had carried 2,5 bln passengers, that is 10% more than it was the previous year.

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