China allocates $117 bn to expand Railway network

BEIJING: China will pump in $ 117 billion for the second consecutive year to add 35 new projects to the world’s second-largest railway network as it aims to halt the slowdown of the economy through massive state investments.

Construction of 35 new railway projects will begin in 2017 to expand the network, state-run Xinhua news agency reported.

The report cited unnamed officials as saying that construction will start on 2,100 km of new rail lines, 2,500 km of double-trac ..