Yangtze River Delta Region to See over $12 Billion in Rail Investment in 2020

China’s state-owned rail builder has dramatically increased proposed levels of infrastructure investment for the Yangtze River Region in the wake of the COVID-19 pandemic.

China State Railway Group Company recently made adjustments to the infrastructure investment plans for its Shanghai office, outlining over 90 billion yuan (USD$12.71 billion) in full year investment.

Investment in the first half is set to reach around 35 billion yuan, for an increase of over 5 billion yuan compared to the original plan.

The Yangtze River Delta Rail Department plans to finish and launch eight projects in 2020 in relation to the Shangqiu-Hefei-Hangzhou High-speed Railway, as well as commence work on another six projects, bringing over 1000 kilometres of new railway lines into existence.

Related stories

Chi­na’s In­vest­ment in New In­fra­struc­ture Could Drive 1.5x Rise in Blockchain Spend­ing

China In­cludes Blockchain Tech­nol­ogy un­der De­f­i­n­i­tion of “New In­fra­struc­ture” as Part of 2020 In­vest­ment Am­bi­tions

Bei­jing Flags Open­ing of Power, Tele­coms, Rail, Oil and Gas Sec­tors to Pri­vate Com­pe­ti­tion