China’s NDRC approves third phase of urban rail transit project in Wuxi

Wednesday, 24 November 2021 12:26:44 (GMT+3)   |   Shanghai

China’s National Development and Reform Commission (NDRC) has approved the third phrase of the urban rail transit construction plans (2021-26) in Wuxi, Jiangsu Province, while agreeing the construction of the second phase of lines 4, 5, and 6, with an overall investment of RMB 48.068 billion ($7.5 billion).

The construction activities are expected to exert a positive impact on the demand for steel.

Most Recent Related Articles

Hubei sets up railway development fund of RMB 100 billion

Qian’an Jiujiang Wire to build over 5 million mt steel capacity under replacement program

China’s FAI in its railways down 6.7 percent in Jan-Oct

NDRC approves 4 fixed asset investment projects in October

China’s FAI growth decreases to 6.1 percent in January-October