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China to invest $22 bln on three new railways

  • China's economic regulator has approved the construction of three new railroads in the central and southwestern regions for 142.77 billion yuan (around $22 billion).

    A new high-speed railway will link cities in Henan and Hubei provinces and Chongqing municipality.

    The two other tracks will be traditional rail and will help improve transportation in Yunnan, a southwest border area, according to approval letters released on Friday by the National Development and Reform Commission (NDRC). (Source: IANS)

     

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