(MENAFN) China is not wasting any chance to enhance and strengthen its infrastructure; hence it plans to invest a whopping USD460 billion on railways, based on reports.
The second largest economy in the world will build no less than 23,000 kilometers of new track over the next five years, plus its allocated budget is anticipated to hit USD546 billion.
In this year alone, the State Council will spend nearly USD125 billion in railways and put 8,000 kilometers of new line into operation, with a far more tag price assigned for next year.
Moreover, East China's Fujian Province has a scheme to invest almost USD25 billion in 1,374 kilometers of track, surpassing the length of all current express line in the province.
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