State Planner Approves $12.6 bln High-Speed Railway Projects in China

China’s state planner approved a 80.51 billion yuan ($12.60 billion) high-speed rail project, according to a statement posted on its website on Monday.

The 618 kilometre rail link will run between Yinchuan in Ningxia to Xi’an in neighbouring Shaanxi province, according to the announcement from the National Development and Reform Commission (NDRC).

Source : Reuters