China is on track to meet its annual rail investment objective, investment in fixed assets in the sector 1.2 percent year on year to 325.8 billion yuan ($ 46.1 billion) in the first half of this year, said the railway operator from the country.
Reeling of the impact of the outbreak of the new coronavirus, the national railway investment fell 21 percent year-on-year in the first quarter to 79.9 billion yuan, said the railroad Group China State on Sunday.
However, increased investment in the second quarter and accelerated the construction of new rail projects, with a quarterly investment reaching 245.9 billion yuan, up 11.4 percent year on year .
additional investment in the second quarter offset the first quarter deficit, the company said.
In December, the transport ministry said China would pass the st meno 2.7 trillion yuan in transport infrastructure projects this year, with 800 billion yuan going to the railway sector.
China State Railway Group said there were labor shortages faced labor, insufficient supply of raw materials and logistical problems due to the pandemic, but it had overcome the difficulties, construction resumes all rail projects.
Six new projects have started operations scheduled, including high-speed line linking the province of Hefei, Anhui, with Hangzhou, Zhejiang Province, and the rail route connecting Nantong, Jiangsu Province with Shanghai, he said.
section of Qinghai line between Golmud, Qinghai Province, and Korla, Xinjiang, operation also started, he said, adding that the new lines will further improve the railway network in the country and be of great importance in boosting regional economies and eradicate poverty.
For the first six months of the year, 1,178 kilometers of new railway lines had been put int O operation, including 605 km of high-speed lines, the company said.
More lines will be operational in the second half of the year, including a high-speed line between Yinchuan, Ningxia Hui, and the province of Xi'an, Shaanxi, and the line linking Beijing and Xiongan new area in Hebei province, said.
The company said China plans to build at least 4,400 km of the new railway lines this year, including 2,300 kilometers of high-speed lines. These targets over 4,000 km of new lines and 2,000 km of high-speed lines announced at its annual work conference in early January.
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Nantong,
Yinchuan,
Beijing,
Jiangsu,
Hangzhou,
Xinjiang,
Zhejiang,
Shanghai,
Shaanxi,
