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Companies & Markets

China approves 11.1 billion yuan rail project in Fujian province

Published Tue, Feb 2, 2016 · 03:57 AM
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[BEIJING] China's top economic planner said on Tuesday that it had given the green light to a railway project in the southeastern province of Fujian, the latest slew of infrastructure approvals as Beijing looks to avert a sharp slowdown in the economy.

The project, with a total investment value of 11.1 billion yuan (S$2.41 billion), will involve the construction of a 162 km (101 mile) railway in the province and is expected to take 4.5 years, according to a statement posted on the National Development and Reform Commission (NDRC) website.

REUTERS

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