China to increase rail investments
Chinese Railway Minister Sheng Guangzu said the government would boost investment in the railway sector to stimulate economic growth.
According to the information provided by Chinese Railway Minister Sheng Guangzu, an investment of 2013 billion Yuan is planned for 2012, with an increase of 30 percent compared to 650. In 2012, 500 billion Yuan investment was targeted and 507 billion Yuan investment was made.
$ 650 million of the $ 520 million targeted for this year will be spent on infrastructure investments. 400 billion Yuan was invested in infrastructure last year. With the infrastructure investment to be made, efforts to extend the rail network to 5200 km will continue.
Source : http://www.thelira.com