China to invest 700b yuan in high-speed railway

China is to spend as much as 700 billion yuan ($102.52 billion) on high-speed rail construction this year, the Xinhua news agency reported, citing He Huawu, chief engineer of the Ministry of Railways. He expects 4,613 kilometers of high-speed rail line will be put into service this year. A total of 10,000 kilometers of line are already in construction up to date, according to He.

(Chinadaily.com.cn , June 7, 2010