China to spend $630 bn on railways in 2012
December 23rd, 2011 - 2:08 pm ICT by IANSBeijing, Dec 23 (IANS) China plans to invest 400 billion yuan ($630 billion) on railway infrastructure in 2012.
This is a slight decline from the 469 billion yuan spent this year, and a marked decrease from over 700 billion yuan in 2010, Xinhua reported.
This is the first time the Chinese government has announced a clear goal for future railway development.
Railway construction has been almost halted as the government has decided to slow the development of high-speed rail lines after a deadly train crash in July.
- China cuts railway budget - Dec 24, 2011
- $77 million embezzled from Beijing-Shanghai high-speed rail project - Mar 19, 2012
- China to continue developing high speed trains - Mar 11, 2012
- Economic cuts to slow down China's high-speed rail network - May 04, 2011
- China's high-speed rail to surpass 10,000 km - Feb 16, 2012
- China fires railway officers over train crash - Jul 25, 2011
- China's 380 km/h rail link to open in June - Jan 05, 2011
- High-speed rail network to continue: China's Railway Minister - Mar 06, 2011
- China to sell bullet train technology - Feb 02, 2011
- China reveals train that clocks record 262 mph speed - Oct 26, 2010
- China to form world's largest high-speed railway network by 2012 - Mar 04, 2010
- China to spend $155 bn for urban rail - Jun 30, 2011
- Britain may go in for China's high-speed bullet trains - Feb 17, 2011
- China orders train safety review - Jul 27, 2011
- China operating world's longest high high-speed railway network - Dec 07, 2010
Tags: beijing, bn, china, chinese government, decline, high speed rail, railway construction, railway development, railway infrastructure, railways, train crash, xinhua, yuan