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China's investment in railway reached 325.8 billion yuan ($46.1
billion) in the first half year, a 1.2 percent year-on-year increase,
according to the country's railway operator. Affected by the COVID-19 epidemic, the national railway investment
only registered 79.9 billion yuan in the first quarter, a 21 percent
drop from the same period last year, said China State Railway group on
Sunday. The company, however, increased investment in the second quarter and
sped up the construction of new railway projects, completing an
investment of 245.9 billion yuan, it said, adding that the figure marked
a 11.4 percent year-on-year rise. While exceeding the investment plan in the second quarter, the
company made up the investment deficit in the first quarter, the company
said. The company also noted that scheduled operation has been made in six
railway projects, including the high-speed line linking Hefei, Anhui
province with Hangzhou, Zhejiang province and the rail route connecting
Nantong, Jiangsu province with the country's economic hub Shanghai. As of July 1, a total of 1,178 kilometers of new railway lines have
been put into operation, including 605 km of high-speed lines, according
to the company. More lines will be operational in the second half of this year,
including a high-speed rail line between Yinchuan, capital of Ningxia
Hui autonomous region, and Xi'an, capital of Shaanxi province and a line
linking Beijing and Xiong'an New Area in Hebei province, it said. China plans to build at least 4,400 kilometers of new railway lines
by the end of this year, including 2,300 km of high-speed lines,
according to the company.
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