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.
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