China to accelerate railway investment

  • China has hastened efforts to build high speed rails as annual investment targets are still far from complete.

    On Monday, China's northernmost high-speed railway started operation in Heilongjiang Province. The trip from Harbin City, the provincial capital, to Qiqihar City was reduced from three hours to 85 minutes.

    Last week, a railway linking Jinan City and Qingdao City in east China's Shandong Province broke ground.

    Authorities will raise 80 percent of the 60 billion yuan ($9.4 billion) investment, while all previous projects were primarily funded by the China Railway Corporation. (Source: IANS)


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