Fixed-asset investment in China’s railway sector reached 304.9 billion yuan ($42.23 billion) in the first half of 2023, marking a year-on-year growth of 6.9 percent, as per data released by China Railway Group Co (CRCC) on Saturday.
CRCC stated that it has intensified its efforts to construct modern railway infrastructure, and significant progress has been made in several key projects during this period.
The railway line connecting North China’s Tianjin Municipality to Beijing Daxing International Airport and other crucial lines have witnessed substantial advancements, with tracks already laid.
Various key projects under construction, including the Baotou-Yinchuan high-speed railway, the Guangzhou-Zhanjiang high-speed railway, and the Lijiang-Shangri-La railway, have achieved significant breakthroughs.
The Haba Snow Mountain Tunnel, part of the railway linking Southwest China’s Yunnan Province and Southwest China’s Xizang Autonomous Region, has been successfully completed and is set to open for operation later this year, announced the China Railway Kunming Group on Saturday.
CRCC has pledged to continue its dedication to serving and ensuring the successful implementation of major national strategies. It aims to inject vitality into high-quality economic and social development and expedite the construction of modern railway infrastructure nationwide.