Chinese authorities on Tuesday approved the construction of four new railway lines stretching over 2,000 km, at a total investment of 253.3 billion yuan ($39.6 billion).
A new intercity railway will link four cities in Ningxia Hui region with a total investment of 8.1 billion yuan, and the second and third lines will connect cities in Anhui and Sichuan provinces, the National Development and Reform Commission's (NDRC) said.
The fourth line, in Fujian province, features the biggest investment -- 107.1 billion yuan, Xinhua news agency reported.
Construction is expected to be completed within the next five years.
Local governments and the China Railway Corporation will provide the majority of the funding, and the rest will come from commercial and policy banks, the NDRC added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
