Fixed-asset investment in China’s railway sector hit 304.9 billion yuan ($42.23 billion) in the first half of 2023, a year-on-year increase of 6.9 percent, data from China Railway Group Co (CRCC) showed on Saturday.
CRCC said it has stepped up efforts to build modern railway infrastructure, and progress has been achieved across several key projects during the period.
The railway line from North China’s Tianjin Municipality to the Beijing Daxing International Airport and other key lines have already seen tracks laid.
A number of key projects under construction, including the Baotou-Yinchuan high-speed railway, the Guangzhou-Zhanjiang high-speed railway and the Lijiang-Shangri-La railway, have achieved breakthroughs.
The construction of the Haba Snow Mountain Tunnel on the railway connecting Southwest China’s Yunnan Province and Southwest China’s Xizang Autonomous Region has been completed and will be open for operation within the year, the China Railway Kunming Group said on Saturday.
CRCC has pledged to continue serving and guaranteeing the implementation of major national strategies, injecting vitality into high-quality economic and social development, and accelerate the construction of modern railway infrastructure around the nation.
(Global Time)
