China’s railway investment expands in Q1

More cash put into transport network in spite of coronavirus fallout 

China’s railway Q1 investment expands

(ATF) China’s fixed-asset investment (FAI) in railways reported growth in the first six months of 2020 despite the adverse impact of the coronavirus epidemic, the China State Railway Group said Sunday.

FAI in national railway projects came in at 325.8 billion yuan ($46bn) in the first half of this year (H1), edging up 1.2% year-on-year, according to the company.

Among all projects, investment in railway infrastructure rose 3.7% to 245bn yuan, with 1,178 km of railways newly put into operation as of July 1.

Q1 railway investment slid 21% to 80bn yuan amid the epidemic fallout, the company said.

Efforts to expand railway investment and speed up project construction saw investment in the sector total 246bn yuan in the Q2, soaring 11.4%.

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