news agency Bloomberg China plans to spend the amount of 3,5 trillion. yuan (503 billion. $ .) for the extension of the rail network which will connect all regions of the country.
The government plan is the network of high speed rail to be extended to more than 30,000 kilometers, in accordance with details that have been made publicly available in Beijing. This distance, which corresponds to about 6.5 times the length of the distance New York – Los Angeles, will cover 80% of the largest cities of China.
The expansion plan that is expected to increase over 50% in the high-speed rail network in the country, has a time horizon of five years in order to complete. This evolution is a “gift” for Chinese suppliers of rolling stock, such as the CRRC and companies construction of railways, such as the China Railway Construction and China Railway Group.
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China: china Will invest 503 billion dollars for rail projects
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