Today, China announced the three years plan to invest 900 BILLION Yuan (130 Billion USD) in the next three years to build the world's largest high speed rail network.
China's high-speed railways to top the world
China spends money on infrastructure to improve the life quality of everyone:
In the next three years China will see 26,000 km railways put into use, among them 9,200 km high-speed, Minister of Railways Liu Zhijun said during the 2010 National Railway Working Conference in January.
The cost for building 1 km of high-speed railway is about 100 million yuan ($14.6 million); the investment in the network for the next three years will amount to more than 900 billion yuan.
At present, more than 40 high-speed railway projects are under construction, sources from the ministry said.
According to the Ministry of Railways' long-term blueprint, China will have four east-west high-speed railway lines and four south-north lines. By that time, the traveling time between neighboring provincial capitals could be reduced to one to two hours, said Lu Dongfu, vice head of the Ministry of Railways.
China's high-speed railways to top the world
China spends money on infrastructure to improve the life quality of everyone:
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