Rail-laying began in February on a new line that will run from Chongqing to Huaihua in Hunan province. The electrified railway is one of the central government's 10 most important projects for developing China's western regions. Work on the 625km railway began in 2000 and will cost nearly Yn20bn.
Bridges and tunnels make up half of the total length of the line, which runs through mountainous areas, particularly in Guizhou province. The railway is expected to boost the economy of southwest China, which suffers from backward transport infrastructure.
Carrier acquires Fuzhou airport Xiamen Airlines has been instructed to take a 25 per cent holding in the debt-laden Changle airport in Fuzhou, reported Business Post. Fuzhou government will take a 40 per cent share and other firms will hold the remaining 35 per cent. The carrier will take on Yn1.6bn of its debt in a complex arrangement that involves Yn400m of fresh capital being injected in a new firm.
Fuzhou airport was opened in 1997 at a cost of Yn3.2bn and a designed annual capacity of 6.5m passengers. Early optimism for the airport was based on the prospect of direct flights between the mainland and Taiwan. However, this has not yet happened and the airport has achieved a throughput of just 3m passengers a year. It competes for business with three other airports in a 200km radius – Xiamen, Quanzhou and Yishan.
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