China approves $12.86 bln high-speed railway project in southwestern China

BEIJING, Nov 12 (Reuters) - China's state planner said on Thursday it has approved a high-speed railway project with a total investment of 85.1 billion yuan ($12.86 billion).

The project will link Chengdu city in southwestern Sichuan province to cities along the way to Chongqing municipality, the National Development and Reform Committee (NDRC) said in a statement on its website.

A total of 432.4 km (270 miles) of rail will be built, the NDRC said.

($1 = 6.6171 Chinese yuan renminbi)

(Reporting by Lusha Zhang and Ryan Woo; Editing by Kim Coghill)

((LushaZhang1@thomsonreuters.com; 8610-56692106;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.