/>
X

China to invest $106 billion in railways in 2011

China officials said the country will invest 700 billion yuan, or $106 billion, in building railways for various intercity projects.
larry-dignan-eic.jpg
Written by Larry Dignan, Contributing Editor on

China officials said the country will invest 700 billion yuan, or $106 billion, in building railways for various intercity projects.

The People's Daily reported the following:

  • A $33 billion high-speed rail link between Beijing and Shanghai will open in June.
  • A total of 70 railway projects will be launched this year.
  • 15 of those construction projects are for high-speed railways connecting cities.
  • China is taking its learnings and going after international projects. China's state-run rail companies are expected to build high-speed networks in Thailand and Laos in 2011.

Related:

China unveils world's fastest bullet train: 262 mph

This post was originally published on Smartplanet.com

Related

Delta Air Lines just made an embarrassing announcement (you may be livid)
screen-shot-2022-06-22-at-3-50-54-pm.png

Delta Air Lines just made an embarrassing announcement (you may be livid)

Business
On July 12, we'll see the universe like never before
51656393132-ca88bc21e3-k

On July 12, we'll see the universe like never before

Space
US weather, climate forecasting is about to get way better
screen-shot-2017-09-07-at-1.jpg

US weather, climate forecasting is about to get way better

Innovation