China’s railway investments up 22 percent in January-April
Tuesday, 19 May 2015 10:55:29 (GMT+3)
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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.
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