China’s National Development and Reform Commission (NDRC) has announced that it has granted official approval for two railway projects in China, with an overall investment totaling RMB 79.5 billion ($11.87 billion).
One of the projects is a railway from Guiyang in Guizhou Province to Nanning in Guangxi Province, with a total investment of RMB 75.76 billion ($11.30 billion), while the other project is a railway from Karamay to Tacheng in Xinjiang Autonomous Region, with a total investment of RMB 3.714 billion ($0.55 billion).