Home / Business / Industries

Fixed-asset investment in rail sector surges in Jan

By Bao Chang | | Updated: 2013-02-19 18:07
China's railway industry saw a big increase in fixed assets and infrastructure investment in January.

Data from the Ministry of Railways show that last month railways fixed assets realized 20.99 billion yuan ($3.36 billion), up 70.9 percent on the same period last year. Among total fixed assets investment, infrastructure investment rose 62.3 percent to 14.18 billion yuan from a year earlier.

Railways fixed assets investment generally includes infrastructure investment, updating and alteration of facilities, and buying locomotives.

Railways fixed assets investment in China is set to reach a new high next year, with an estimated value of more than 650 billion yuan.


Related Readings

China plans 650b yuan in rail investment

Major lines for high-speed rail 'on track'

China's operating high-speed rail exceeds 7,000 km

World's longest high-speed rail 'on track'


Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349