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China to invest USD100bn in more high-speed rail

8-Jun-2010 11:59 AM

China’s Ministry of Railways Chief Engineer, He Huawu, revealed at the 2010 China (Changchun) International Rail Transit and Urban Development Summit that China plans to invest CNY700 billion (USD102.5 billion) this year to expedite the development and construction of the country’s high-speed rail network (Information Times, 07-Jun-2010). Under the proposal, China’s high-speed rail link will be extended by a further 4,613 km.