Published: 20:05, February 10, 2025
China's fixed-asset investment in railways hits 43.9b yuan in Jan
By Xinhua
An aerial drone photo taken in Huzhou, East China's Zhejiang province on Nov 23, 2024 shows the bullet train No G55505 running on a new high-speed rail line connecting Shanghai municipality with the provinces of Jiangsu and Zhejiang in East China. (PHOTO / XINHUA)

BEIJING - China's fixed-asset investment in railways was 43.9 billion yuan (about $6.12 billion) in January this year, data from the China State Railway Group Co, Ltd showed Monday.

The figure is up 3.7 percent compared with the same period last year, the group said.

During this period, a batch of major projects, including the Chengdu-Chongqing central line high-speed railway, were advanced, according to the group.

READ MORE: Railway network reshaping economy, daily lives of millions

In 2024, fixed-asset investment in railways totaled 850.6 billion yuan, up 11.3 percent, according to the group.

By the end of 2024, the operating mileage of the railway network reached 162,000 kilometers, including 48,000 km of high-speed railways.

READ MORE: China's fixed-asset investment in railways hits 65.2b yuan

Newly built railways hit 3,113 km last year, including 2,457 km of high-speed railways.