China to lay 23,000km of rail track in 2016-2020

€412 billion rail investment planned in China by 2020
China says it will spend around CNY2.8 trillion (€412 billion) on building at least 23,000 kilometres of new railway track over the next five years.
The Chinese government’s latest five-year plan (2016 to 2020) focuses on expanding the railways in the country’s central and western regions, as well as new intercity projects.
Few specific details are known, but the plan confirms 4,600km of new track in the northern province of Shaanxi.
Nevertheless, the new five-year plan marks a decrease compared to the previous one, which targeted CNY3.5 trillion worth of rail investment between 2011 and 2015.
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