China's fixed-asset investment (FAI) in railways reported growth in the first six months of 2020 despite the adverse impact of the COVID-19 epidemic, said the China State Railway Group Co., Ltd. Sunday.
The FAI in national railway projects came in at 325.8 billion yuan (about 46.12 billion U.S. dollars) in the first half of this year (H1), edging up 1.2 percent year on year, according to the company.
Among all projects, investment in railway infrastructure rose 3.7 percent year on year to 245.1 billion yuan, with 1,178 km of railways newly put into operation as of July 1.
In the first quarter, railway investment slid 21 percent year on year to 79.9 billion yuan amid the epidemic fallout, the company said.
Amid efforts to expand railway investment and speed up project construction, investment in the sector totaled 245.9 billion yuan in the second quarter, soaring 11.4 percent from the previous year.
Source: Xinhua |
