China Economic Review
Charting China’s changing economic terrain · Since 1990
$120 billion for railways
January 10, 2010
The ministry will invest just over $102 million in railway construction this year according to Liu Zhijun, minister of railways.China invested $87.8 billion in railway construction in 2009, up 79% from a year earlier.
CargoNews Asia said the country’s railways will total more than 90,000 kilometers by the end of 2010. It is beyond debate the fastest and most well financed railway expansion in history.