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China to input US$240b on passenger railway
(Xinhua)
Updated: 2005-09-09 15:57
China will infill two trillion yuan (US$240.96 billion) in building passenger
express railway network in the next 15 years, an official with the Ministry of
Railways said.
Lu Dongfu, vice minister of railways, disclosed Wednesday in Zhengzhou,
capital of Central China's Henan Province, that this enormous investment on
railway construction was based on "the medium and long term development planning
on Chinese railways" with the approval of the State Council.
He also disclosed that among all the nine approved express railways for
passenger transportation, four of them originate in Zhengzhou.
All these express passenger railways, with a speed up to 300 km per hour, are
expected to complete in the year 2010.
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