China economic planner approves 70b yuan worth of railway projects

[BEIJING] China's top economic planner on Tuesday approved two railway projects with a total value of nearly 70 billion yuan (S$15.7 billion), the latest move to hasten infrastructure projects to boost growth in the world's second largest economy.

One involves a 51.6-billion-yuan plan to build a railway in southwestern Yunnan province, while another will see 18.1 billion yuan invested on a high-speed railway linking the northern provinces of Hebei and Shanxi, the National Development and Reform Commission (NDRC) said on its website.

The NDRC approved another 77 billion yuan worth of highway and bridge projects on Monday.

REUTERS