Fixed-asset investment in China’s railways went up 6.3 percent year-on-year in the first four months of the year, data from China State Railway Group Co Ltd shows.
The country’s railways saw a total investment of 167.4 billion yuan ($24.2 billion) in the first four months of the year, said the State-owned enterprise, pushing forward the construction of a modern railway infrastructure system in the country at an accelerated pace.
The company said it has mainly focused on railway-related items in the country’s 102 major projects introduced for the 14th Five-Year Plan period (2021-2025).
In particular, track laying for the railway line between Tianjin and Beijing Daxing International Airport has been completed, the company said.
Earlier data showed the company’s revenue jumped 18.2 percent year-on-year during the first quarter to 271.9 billion yuan.