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China Railway wins 14 project bids

China Railway Group Ltd, one of the country's two biggest railway builders, said on Tuesday its units had won 14 construction contracts worth 24.2 billion yuan ($3.95 billion). The contracts include the Huaihua-Shaoyang-Hengyang rail line in Hunan province, with an overall value of 6.48 billion yuan, and a 2.18 billion yuan deal for the Binzhou Railway in Heilongjiang province. China Railway Group said that the value of the 14 bids amounted to 4.3 percent of the company's operating revenue in 2013. China approved construction of five rail projects worth 152.7 billion yuan on Monday, in the latest sign that the government is lifting investment to tackle slackening economic growth.

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