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.