Home / APAC / China approves seven more railway infrastructure projects worth USD 32.7 billion

China approves seven more railway infrastructure projects worth USD 32.7 billion

China’s top economic planner approved seven more railway projects with a total investment of about 200 billion yuan (USD32.7 billion) as Beijing moves to step up infrastructure commitments to offset a cooling economy.

It came after the regulator last week gave the green light to three railway projects with a combined investment of 247.6 billion yuan.

The newly-approved rail projects will link cities in both northern and southern parts of China, according to information posted on the website of the National Development and Reform Commission Wednesday.

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