Source: CCTV.com
11-28-2008 09:12
Railway authorities in China say they expect massive investment in the sector to boost GDP growth by as much as 1-and-a-half percent.
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| Railway authorities in China say they expect massive investment in the sector to boost GDP growth by as much as 1-and-a-half percent. |
Speaking at a news conference on Thursday, the Ministry of Railways announced plans to build 40,000 kilometers of new lines over the next 12 years.
Total investment is expected to hit 5 trillion yuan. But 15 billion yuan is likely to be spend by the end of this year alone on 25 new projects, including several express links.
