China's National Development and Reform Commission (NDRC) has issued its approval for five new railway line construction projects, requiring a total investment of RMB 142.4 billion ($23.27 billion).
The five railway projects are for the Hongliuhe-Naomaohu line in Xinjiang autonumous region, the Harbin-Mudanjiang line in Heilongjiang Province, the Harbin-Jiamusi line also in Heilongjiang, the line between Qingdao in Shandong and Lianyungang in Jiangsu, and the line between Hangzhou in Zhejiang and Huangshan in Anhui, with respective investments of RMB 10.868 billion ($1.78 billion), RMB 36.52 billion ($5.97 billion), RMB 34.714 billion ($5.68 billion), RMB 23.77 billion ($3.88 billion) and RMB 36.55 billion ($5.97 billion).