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11.08.2012 19:05

Railway Investment to Increase Next Year, Ministry Says

Spending will surpass this year's amount as country seeks return to rapid network expansion in the next three years
By staff reporter Lu Bingyang

(Beijing) -- Railway fix-asset investment (FAI) is expected to increase in 2013, exceeding this year's 630 billion yuan, a spokesman for the Ministry of Railways says.

Railway infrastructure investment alone would exceed 500 billion yuan, he predicted.

The ministry has increased this year's FAI target four times since June.

From January to October, FAI in the railway sector totaled 425.2 billion yuan, 0.9 percent lower than the same 10-month period last year.

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