investment in railways from China: China, the first eight months of the year, the country's rail network 405 billion yuan (about 65,83 billion dollars) has announced that it has invested.
In the statement made by the Chinese Railways Organization (CRC), it was noted that in the first eight months of the year, fixed asset investments in the sector reached 405 billion yuan, and the investment increased 20 percent compared to the same period last year.
While the organization can meet the 2014 targets, it is stated that there is capital to cover the remaining investment.
At the beginning of this year, the country announced that it would invest 800 billion yuan in railway construction, 7 thousand kilometers of railways would be put into service and 64 new projects would be started to be built. Currently, 64 out of 46 new projects have been approved in China this year and 14 new railway lines were put into service.
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