China's railway fixed asset investment in January-May 2024 to reach 228.47 billion former - Chinese report

China State Railway Corporation (SRC), China's state-owned railway company, announced on the 11th that nationwide fixed asset investment in railways in the January-May 2024 period will increase 10.8% year-on-year to 228.47 billion yen.
The construction of modern railway infrastructure is accelerating. Since the beginning of this year, the National Railway Group has optimized construction, strengthened safety and quality control, and improved quality.
In May, the construction of the Haoji Railway (for coal transport only) connecting Ordos City, Inner Mongolia Autonomous Region and Ji'an City, Jiangxi Province, and the Baotou Railway (for coal transport only) connecting Ordos City, Inner Mongolia Autonomous Region and Ji'an City, Jiangxi Province, were completed.
The Baoxi Railway, which connects Baozhou City, Shaanxi Province, and Xi'an City, Shaanxi Province, has been opened. In addition, adjustments and tests are being carried out on the high-speed railway connecting Hangzhou City, Zhejiang Province, and Wenzhou City.
The construction of the railway has begun, and the countdown is on until the opening. The China Railway Group will continue to promote high-quality and efficient railway construction, and actively contribute to further strengthening the economic recovery trend.