Market Commentary and Intraday News
China Plans 40,000 Km High-Speed Rail Network By 2015
299 days ago
(RTTNews) - China plans to have a high-speed rail network covering almost all its cities with a population of more than half-a-million by 2015.
The State Council, or China's Cabinet, late on Tuesday issued a plan for building a comprehensive transportation network during the 2011-2015 period
envisaging a high-speed rail network with a total operating length of more than 40,000 kilometers. Analysts expect a boom in China's railway equipment manufacturing industry in the coming years.
China will initially establish a comprehensive transportation network with a total length of 4.9 million kilometers, mainly including railways, roads and inland waterways, state media reported on Wednesday.
China's expansion of high speed rail network was marred by a series of recent accidents in which at least 50 people were killed and dozens injured. Several railway officials had been punished for the accidents.
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