JISCO to invest RMB 490 million in railway expansion project

On January 9, Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel (Group) Co. (JISCO) announced that it has carried out a favorable preliminary design review of its project for the expansion of the railway it owns. The total planned investment for the project in question is RMB 490 million ($78.8 million). Upon completion, the annual discharging and loading capacities of the company’s railway facilities will reach 27 million mt and 8.69 million mt respectively, thereby helping to boost JISCO’s profitability.