Caixin OnlineBusiness & IndustryTop Stories Industry High Costs and Safety Issues Cloud High-Speed Rail Projects
02.28.2011 13:15

High Costs and Safety Issues Cloud High-Speed Rail Projects

With the abrupt dismissal of the minister of railways earlier this month, the State Council has undertaken a review of plans to rapidly expand China’s high-speed rail capacity
By staff reporter Cao Haili

(Beijing) -- China's massive plans to build high-speed railways could be revisited by top decision makers after the ousting of the Minister of Railways, Liu Zhijun. Sources told Caixin that since Liu was detained, the State Council has held several meetings to evaluate the financial sustainability of the project as well as its safety standards.

Projects that have already started construction won't be affected, but the rest might be delayed, said Zhu Junfeng, deputy research fellow at the transportation institute of the National Development and Reform Committee.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Pulling the Plug

A government-backed shift to homegrown, open-source IT systems is helping Huawei and rattling IBM


Issue 79
July, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Pulling the Plug
A government-backed shift to homegrown, open-source IT systems is helping Huawei and rattling IBM
Issue 79
07.01.2014

Subscribe       |       Newsletter        |        FAQ