China's 2017 railroad investments top $121 billion

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BEIJING — reports that Chinese fixed investment in railroad infrastructure could exceed $120 billion in 2017, the Economic Information Daily reported Wednesday. That puts the country on target to meet an investment goal set by China Railway at the beginning of 2017.

Investments in the first two quarters of 2017 were up 4.7 percent on a year-to-year basis, according to China Railway data compiled by the Chinese agency. An unnamed source said that the fourth quarter is a peak season for railroad building and repair in China, and that several major projects will be the primary beneficiaries of the investment.

The approximately 110-mile Lianyungang-Xuzhou railway line, located in eastern China's Jiangsu province, broke ground in July and is expected to cost is expected to cost about $4.2 billion. The line is scheduled to be finished by December 2020. Early August saw the start of construction on the Dunhua-Baihe line, a 70-mile stretch that is intended to reduce travel times between Shenyang, capital of Liaoning province, and resorts in the Changbai Mountains in Jilin province. Its expected 2021 opening will cut the transit time to four hours.

A third project, the nearly 450-mile Chongqing-Kunming railway, has accounted for about $17.7 billion in investments and is expected to open in late 2017. The line spans the Chongqing municipality, Sichuan province, Guizhou province and Yunnan province.
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