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China to invest US$4.2b in Beijing-Hebei high-speed rail link

[BEIJING] China's state planner said it has approved a 27.4 billion yuan (S$6 billion) high-speed rail project which will link Beijing's new airport with neighbouring Hebei province.

The project will take three-and-a-half years to complete, the National Development and Reform Commission (NDRC) said on its website on Friday. It did not provide a project start date.

The government has flagged that it intends to spend more on infrastructure to shore up the cooling economy.