China approves £26bn for rail projects

China_HSR_indexChina has approved the construction of six railways stretching more than 1,000 km and likely to cost about 250bn yuan (£26bn).
The projects include four high-speed lines in the eastern provinces of Shandong and Jiangsu, and in the north-eastern province of Liaoning and two urban rail transits in the south-western cities of Chengdu and Nanning.
The announcement came from the National Development & Reform Commission (NDRC) which made a further announcement, saying that the government will promote public-private partnerships to attract private capital into infrastructure construction and public enterprises.


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