Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Mon May 29 2017

Related Information
Related Information
Related Information
Related Information

News » International » China set to start work on 35 major rail projects » published 20 Feb 2017

China set to start work on 35 major rail projects

China is to start building 35 new rail projects this year and has allocated the state rail corporation a budget of 800 billion yuan (£94bn).

The government’s website has published details of a report by the Xinhua-run Economic Information Daily saying that construction will begin on 2,100km of new rail line, 2,500km of double-track lines and 4,000km of electrified railways this year.

To achieve the targets, China Railway Corporation (CRC) has been assigned a budget of 800bn yuan by the central government, the same as in 2016.

The government had already announced plans to invest 3.5 trillion yuan on railway construction during the current Five-Year Plan period, running from 2016 to 2020.

By 2020, China aims to have 30,000km of high-speed railways in operation, connecting more than 80% of its big cities.

By the end of 2016, China had a 124,000km railway network, including more than 22,000km of high-speed lines.

Much of this year’s construction projects will happen in China’s central and western regions, to support a poverty-relief campaign.

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 20 Feb 2017 (last updated on 20 Feb 2017).

More News Channels