China's railway investment continues apace

China's total railway investment over the 11 months of this year reversed 15 months of decline previously, the Ministry of Railways said on Monday.

Total investment in fixed railway assets during the period increased by 3.1 percent year-on-year to 506.97 billion yuan ($81.12 billion), including 431.9 billion yuan worth of investment in capital construction, up 9 percent compared to the same stage last year.

Railway investment in fixed assets were worth 81.8 billion yuan in November alone, up 30.6 percent compared to a year earlier, while investments in capital construction hit 70.1 billion yuan, up 141.2 percent year-on-year.

The ministry set a goal of 630 billion yuan worth of railway investment in fixed assets in 2012, including a planed 530-billion yuan investment in capital construction.

lijiabao@chinadaily.com.cn

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