Caixin OnlineFinance & EconomicsTop Stories Finance Ministry Says It Plans to Spend 650 Bln Yuan on Railway System in 2013
01.18.2013 15:26

Ministry Says It Plans to Spend 650 Bln Yuan on Railway System in 2013

Budget targets infrastructure spending and would see another 5,200 kilometers of track built
By staff reporter Lu Bingyang

(Beijing) – China will spend 650 billion yuan on its railway system this year, including 520 billion yuan on building infrastructure, the Ministry of Railways says.

The total investment is the third largest in the country's history after 2009 and 2010. It would extend China's railway tracks by 5,200 kilometers.

The plan is subject to adjustment based on the economy at large, a ministry official said.

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