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Railway investment rises 71% in January

20 February 2013
Fixed-asset investment in China’s railway sector rose 71 per cent year-on-year to Rmb20.99bn in January 2013, according to statistics released by the Ministry of Railways. Investment in railway infrastructure grew 62 per cent to Rmb14.18bn last month.

Railways Minister Sheng Guangzu said that China plans to allocate Rmb650bn for fixed-asset investment in the railway sector this year, including Rmb520bn in infrastructure construction.

The ministry expects 5,200km of new railway to start operation in 2013.

The country’s railway carried 140.52m people in December 2012, up 11 per cent year-on-year, boosted by the newly-opened high-speed lines, according to the Ministry of Railways. The number of passengers using high-speed trains totalled 43.05m in December, up by 10.7m, which accounted for 76 per cent of the total increase in China’s railway network.

A total of 333.25m tonnes of cargo was transported via railways, marking a year-on-year rise of 1.88m tonnes, according to the data. Freight trains carried 196.35m tonnes of coal, 11.34m tonnes of crude oil and 10.81m tonnes of grain in December.

     
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