Published: 15:43, April 9, 2023 | Updated: 15:58, April 9, 2023
China's fixed-asset railway investment up 6.6% in Q1
By Xinhua

This aerial photo taken on Nov 23, 2022 shows a Fuxing bullet train running on the Yuanjiang bridge of the China-Laos Railway in southwest China's Yunnan Province. (PHOTO / XINHUA)

BEIJING - Fixed-asset investment in China's railways expanded 6.6 percent in the first quarter of this year, amid the country's efforts to build a modern railway infrastructure system, according to industry data.

Total fixed-asset railway investment came in at 113.55 billion yuan (about $16.5 billion), data from China State Railway Group Co, Ltd showed.

During this period, the track-laying work for the main lines of three high-speed railways was completed, the group said, adding that breakthroughs had been made in a number of key projects under construction.

ALSO READ: China to extend railway network by 10,000 km by end of 2025

The group said it will continue to improve the accessibility and coverage of the railway network, and actively promote regional interconnection to better serve the coordinated development of the economy and society.