China Railway invests $46.1 billion in fixed assets in H1
2020-07-07 14:46:23The investment increased 1.2 percent of 3.8 billion yuan over the same period last year. Among these, 245.1 billion yuan was invested in railway infrastructure, up 3.7 percent year-on-year. As of last Wednesday, a 1,178-kilometer-long rail track had been newly opened, including 605 km of high-speed railway.
The people in charge of the construction department of China State Railway Group said due to the COVID-19 epidemic, investment in the first quarter registered a 21 percent drop from a year earlier, recording merely 79.9 billion yuan. In the second quarter, the group increased its investment plan and achieved 245.9-billion-yuan investment, up 11.4 percent year-on-year. A total of 179.7 billion yuan was thrown into infrastructure construction, up 16.4 percent on a yearly basis. Investment growth in the second quarter not only compensated the contraction in the first quarter, but also achieved total increase in railway investment.
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