China’s railway investments up 22 percent in January-April

Tuesday, 19 May 2015 10:55:29 (GMT+3)   |   Shanghai
       

In the January-April period of the current year, fixed asset investments in China’s railways amounted to RMB 132.1 billion ($21.3 billion), up 22 percent year on year, with fixed asset investments in railway construction totaling RMB 117.2 billion ($18.9 billion), up 20 percent year on year, and with investments in purchases of rolling stock (locomotives and railcars) amounting to RMB 14.9 billion ($2.4 billion), rising by 45 percent year on year, as announced by China Railway Corporation.

Meanwhile, Chinese vice premier Ma Kai has stated that in 2015 China will complete investments totaling RMB 800 billion ($129 billion) in railway construction and put 8,000 kilometers of newly-built railways into operation.

Similar articles

Wuyang Steel wins tender to supply Second Humen Bridge

10 Sep | Steel News

Shanxi Steel Group inks agreement with China Railway

21 Aug | Steel News

China’s railway construction investments total RMB 809 billion in 2014

30 Jan | Steel News

ChTPZ Group to supply pipes for Samara stadium

28 Jan | Steel News

Hansteel becomes fifth Chinese steelmaker to produce heavy rails

22 Jan | Steel News

China’s investment in railway construction up 25.7 percent in H1

16 Jul | Steel News

WISCO and PT Gunung Garuda to jointly build steel plants in Indonesia

11 Jul | Steel News

WISCO to establish slag cement JV with Singaporean company

25 Feb | Steel News

Anshan to US: We’re not pulling out

23 Aug | Steel News

AISI: Anshan’s US investment intentions deserve “careful and thorough review”

07 Jul | Steel News