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China's to invest USD 119 billion in railway in 2019

Infra News - Published on Fri, 15 Mar 2019

Image Source: xinhuanet.com
Hindustan Times reported that China has plans to rapidly expand its railway network including high-speed train tracks across the country in 2019, the feasibility study for one of its flagship projects, the Sichuan-Tibet railway will also be completed by June this year. The government is ready with a massive USD 119 billion investment for the railway sector, Lu Dongfu, the Communist Party of China chief for China Railway Corporation said during the ongoing Two Sessions, China’s annual Parliament session. The total expansion plan for 2019 is 6800 km, adding of which 3200 km will be high-speed tracks for trains that can ply over 300 km per hour.

By the end of 2017, China had built and put into service 127,000 km of railway, up 150 percent from 1978 when the country started its reform and opening-up, the National Bureau of Statistics (NBS) had said last year.

The report said that clearly holding the pride of place in the sector, the statistics for China’s high-speed train track record is a “miracle”.

It said that “Since the first high-speed train at a designed speed of 350km/h put into service in 2008, China has cumulatively constructed 29,000-km of high-speed railway, which occupies more than two-thirds of world’s total mileage, creating a miracle in engineering construction.”

It added that the benefits of the high-speed railway are reaching the people. It said that “The popularisation of China’s bullet trains has greatly benefited the Chinese people. Some 9.95 billion trips were made by the end of last month with an annual increase over 30 percent.”

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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