Business / Economy

China green-lights railway, roads costing 54.69b yuan

(Xinhua) Updated: 2016-05-28 11:37
China green-lights railway, roads costing 54.69b yuan

A train pulls into a station in Luoyang city, Henan province, June 30, 2015. [Photo / IC]

BEIJING - China's top economic planner has approved two transport projects that will cost a combined 54.69 billion yuan ($8.35 billion).

The National Development and Reform Commission (NDRC) has approved the construction of a rail line from Taiyuan in Shanxi Province to Jiaozuo in Henan Province, according to a statement on its website.

The total length of the rail line is 362 km at an cost of 43.13 billion yuan. The project is expected to take four and a half years to complete.

The agency has also given permission for the construction of new highways in Northeast China's Jilin province to bolster the region's flagging economy.

Hot Topics

Editor's Picks