China State Railway Group Co. Ltd. According to the statement made yesterday by (China State Railways), the fixed investment in railways in the country increased in the first half of 2020, despite the negative effects of the Covid-19 outbreak. In the statement, it is stated that fixed investment in national railways projects increased by 1,2 percent in the first half of this year compared to the same period last year, reaching 325,8 billion yuan (about 46,12 billion dollars).
According to the news shared by China International Radio via mail, considering the whole of the projects, the ones for the railway infrastructure increased by 3,7 percent compared to a year ago and reached 245,1 billion yuan, so as of July 1, 1.178 km of new railways were put into service.
In the first quarter of the year, investment in state railways decreased by 21 percent compared to a year ago, to 79,9 billion yuan. In the second quarter of the year, the resumption of investments was effective in the upward return of the momentum. Thus, the investment made in the railways in the second quarter of the year increased by 11,4 percent compared to the same period of the previous year and reached 245,9 billion yuan.