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China approves construction of two $11,8 bln railway lines

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China approves construction of two $11,8 bln railway lines

China’s State Committee for Reforms and Development has approved a techno-economic justification for building two more railway lines.

The projects’ aggregate budget will total 79,47 billion yuan ($11,84 bln), the Committee informs on Tuesday.

New railway main lines will be built in Guizhou Province, as well as in Guangxi Zhuang and Xinjiang Uyghur autonomous regions, which belong to the least economically developed regions of the country.

State Committee for Reforms and Development claims that the new projects will help improve the structure of railway network and will do good to social and economic development in the given regions of China. Their implementation will encourage investments in the infrastructure sector, and by that supporting the growth of national economy.

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