Categories
Economics & Trade Old Content

China to invest RMB150 billion in railways in Shanxi Province

Taiyuan, Shanxi Province

              Taiyuan,
            Shanxi Province

China plans to invest more than RMB150 billion ($21.9 billion) in its northern coal-rich Shanxi Province by 2015, according to officials from the Ministry of Railways and the province.

Shanxi, which accounts for one-third of China’s coal output, is expected to have 5,300 km of railways by 2015, up from 3,300 km at present.

Shanxi Province

        Shanxi Province

Construction will start in the first half of 2009 on at least three new rail lines.

Minister of Railways Liu Zhijun pledged the ministry’s support for the projects.

When the railways are completed the province’s coal could be shipped directly to coastal ports in Shandong Province.
Source: English People’s Daily Online

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading