With advancement of the "Belt and Road" initiative, China's investments for railway construction will likely reach 4 trillion yuan in the 13th Five-Year Plan period from 2016 to 2020, according to Liu Xinwei, an analyst of SCI99.com, a commodity information provider in China.
Under the draft on railway development in 2016-2020 initiated by the National Railway Administration, China's fixed-asset investment in railways is expected to reach somewhere between 3.5 trillion yuan and 3.8 trillion yuan during the period. But the final size has not been fixed yet, media quoted a source as saying.
According to past practices, the final railway fixed-asset investment objective in 2016-2020 will be much higher than the figure fixed by the National Railway Administration and the investment will hit a record high again.
During the 12th Five-Year Plan period (2011-2015), China's railway network expanded significantly and the railway fixed-asset investment in 2011-2015 is expected to stand at 3.5 trillion yuan, the highest five-year investments so far, according to Minister of Transport Yang Chuantang.
China completed about 820 billion yuan of railway fixed-asset investment in 2015.
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