China's railway infrastructure investment is set to reach a new high next year, with an estimated investment value of more than 516 billion yuan ($82.66 billion). Both the investment and operation mileage will exceed those of this year, Chinese media reported.
The expansion of railway construction will be funded by 150 billion yuan of railroading bonds, government's financial support and bank credit capital.
Data from the Ministry of Railways show that the railway infrastructure investment reached 69.77 billion yuan in October, more than triple that of last year.
During the 12th Five-Year Plan (2011-2015), the investment in railway infrastructure is poised to reach 2.3 trillion yuan and the length of railway lines in service will reach 120,000 kilometers.
baochang@chinadaily.com.cn
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
