On May 18, China's National Development and Reform Commission (NDRC) announced that it has approved railway projects in the provinces of Jiangsu and in Shandong, with total respective investments of around RMB 41.49 billion ($6.69 billion) and RMB 59.98 billion ($9.67 billion).
Meanwhile, the NDRC has also approved urban rail transit projects in Nanning in the province of Guangxi with total investments of around RMB 52.937 billion ($8.54 billion).