Beijing is pouring trillions of Yuan into rail transport

Beijing is planning to spend 3.8 trillion Yuan (€560 billion) on railroad infrastructure, rail lines and trains in the 2016-2020 period. These plans are reported to be part of an official report of the National Railway Administration.

Caixin reports that most of this large sum is to be spent on building railroad; € 113 billion is poured into updating current trains. The investment is a part of the country's grand 13th Five-year Plan, a roadmap for the nation's development.

The plans include the construction of 30,000 kilometres of new track over five years. The overall goal is to develop a national passenger network linking cities of more than 200,000 people by 2020. China wants to have 44 bullet train lines finished by that time. Some 5,000 kilometers of high-speed rail will be constructed to connect populous regions.

According to Caixin, six lines, both high-speed and slower trains, will be built in the central and western regions of the country where the economies lag behind.

Further reading on english.caixin.com

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