Government to invest Rmb1.25 trillion in railroads

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The Chinese government plans to spend Rmb1.25 trillion to improve the country's railroad system by 2010, reports the Asian Wall Street Journal. With an…

The Chinese government plans to spend Rmb1.25 trillion to improve the country's railroad system by 2010, reports the Asian Wall Street Journal. With an ambitious goal to add 17,000 kilometres of track to link remote areas to major cities, Daqin Railway and China Railway Tielong Container Logistics could profit significantly from the government's project.

Investment in China's rail industry has been gaining momentum, particularly since the country's 2006 inauguration of one of the world's highest rail systems, which was constructed to link China to Lhasa, Tibet, by rail.

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