cirr
ELITE MEMBER
- Joined
- Jun 28, 2012
- Messages
- 17,049
- Reaction score
- 18
- Country
- Location
December 14, 11:24 am
By Eric Min
The Beijing-Guangzhou high-speed railway, which is the worlds longest, is opening on Dec. 26, according to the China Central Television.
With this, a trip between Beijing and Guangzhou, a distance of 2,294 kilometers, will be cut from 20 hours to eight hours.
The Beijing-Guangzhou high-speed railway will travel through the cities of Shijiazhuang in North China's Hebei Province, Wuhan in Central China's Hubei Province, and Shenzhen in South China's Guangdong Province, the China Daily reported earlier.
The ticket prices for the new line have not yet been released by the Ministry of Railways. But the report said that they will likely cost more than 900 yuan ($144) for a second-class seat, much more than the current prices of 253 yuan for a seat and around 450 yuan for a sleeper ticket.
During the first 11 months of the year, fixed-asset investment in railways, including railway infrastructure investment and train purchases, totaled 506.97 billion yuan ($81.1 billion), reversing 15 months of previous decline, the Ministry of Railways said on Monday.
Total investment in fixed railway assets during the period increased 3.1 percent year-on-year, including 431.9 billion yuan worth of investment in capital construction, up 9 percent compared to the same of stage last year, according to the ministry.
Earlier in October, the ministry increased this years investment to 630 billion yuan ($101.73 billion), as part of Beijings latest efforts to boost the slowing economy.
This is at least the fourth time this year that the ministry has raised its investment target since the start of July. Premier Wen Jiabao announced, at the time, that promoting investment growth is the key to stabilizing economic expansion that has fallen to its slowest pace in three years.
Chinese railway construction stagnated after a train accident in Wenzhou, that left 35 dead and hundreds injured.
World?s longest high-speed rail opens Dec 26 - Companies and Industries - MorningWhistle - Latest chinese economic, financial, business, political and society news
By Eric Min
The Beijing-Guangzhou high-speed railway, which is the worlds longest, is opening on Dec. 26, according to the China Central Television.
With this, a trip between Beijing and Guangzhou, a distance of 2,294 kilometers, will be cut from 20 hours to eight hours.
The Beijing-Guangzhou high-speed railway will travel through the cities of Shijiazhuang in North China's Hebei Province, Wuhan in Central China's Hubei Province, and Shenzhen in South China's Guangdong Province, the China Daily reported earlier.
The ticket prices for the new line have not yet been released by the Ministry of Railways. But the report said that they will likely cost more than 900 yuan ($144) for a second-class seat, much more than the current prices of 253 yuan for a seat and around 450 yuan for a sleeper ticket.
During the first 11 months of the year, fixed-asset investment in railways, including railway infrastructure investment and train purchases, totaled 506.97 billion yuan ($81.1 billion), reversing 15 months of previous decline, the Ministry of Railways said on Monday.
Total investment in fixed railway assets during the period increased 3.1 percent year-on-year, including 431.9 billion yuan worth of investment in capital construction, up 9 percent compared to the same of stage last year, according to the ministry.
Earlier in October, the ministry increased this years investment to 630 billion yuan ($101.73 billion), as part of Beijings latest efforts to boost the slowing economy.
This is at least the fourth time this year that the ministry has raised its investment target since the start of July. Premier Wen Jiabao announced, at the time, that promoting investment growth is the key to stabilizing economic expansion that has fallen to its slowest pace in three years.
Chinese railway construction stagnated after a train accident in Wenzhou, that left 35 dead and hundreds injured.
World?s longest high-speed rail opens Dec 26 - Companies and Industries - MorningWhistle - Latest chinese economic, financial, business, political and society news
