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China approves US$6.7b high-speed railway project

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China has approved construction plans for a high-speed railway project worth 42.7 billion yuan (S$9.48 billion), the country's top economic planner said in a statement on Monday.

[BEIJING] China has approved construction plans for a high-speed railway project worth 42.7 billion yuan (S$9.48 billion), the country's top economic planner said in a statement on Monday.

The high-speed railway will run through central Henan province and eastern Anhui province.

Beijing has approved billions of dollars in infrastructure projects in recent months to stem a sharp economic slowdown. The government has been particularly keen to promote projects in the less-developed western part of the country.

REUTERS

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