Become a customer

China plans $103bn railway investment in 2014

China plans to invest 630 billion yuan ($103 billion) in railways for 2014, according to a report by the state-owned Xinhua news agency on Thursday January 9.

January 9, 2014
By Generic people page

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

This is lower than the 690 billion yuan ($113 billion) that the country spent in 2013.

A total of 44 new projects will begin construction in 2014, compared with 47 projects kick-started in 2013, Sheng Guangzu, gm of China Railway Corp, said at a press conference on Thursday.

Some 6,600km worth of new lines are expected to be put into operation this year.

China will accelerate reforms of its railway investment and financing system. Central and Western China will be the focus of this round of railway construction, Sheng said.

The country also aims to widen its footprint in the overseas railway sector, particularly in Laos, Hungary, Serbia and Thailand.

What to read next
Discontinuation, replacement of germanium dioxide, in-whs China, $/kg price assessment
Fastmarkets has discontinued its MB-GER-0001 germanium dioxide, in-whs China, $ per kg price assessment after its last publication on Friday December 27.
December 30, 2024
 · 
By Solomon Cefai
Proposal to discontinue Rutile 95% TiO2 min, bulk, cif China
Fastmarkets proposes to discontinue its MB-RUT-0003 Rutile 95% TiO2 min, bulk, cif China price assessment.
December 30, 2024
 · 
By Caroline Messecar
Delayed publication of Shanghai copper premiums
The publication of Fastmarkets’ Shanghai copper premiums on Monday December 23 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
December 23, 2024
 · 
By Callum Perry
Extension of consultation period on the proposal to discontinue US Midwest ferrous scrap shred, heavy melt indices, busheling indicator
After market feedback, Fastmarkets is extending the consultation period for its proposal to discontinue its MB-STE-0423 Steel scrap shredded, index, delivered Midwest mill, $/gross ton; its MB-STE-0424 Steel scrap No1 heavy melt, index, delivered Midwest mill, $/gross ton and its MB-STE-0882 Steel scrap No1 busheling, indicator, delivered Midwest mill, $/gross ton, effective January 2025.
December 13, 2024
 · 
By Sean Barry
Open consultation on methodology for aluminium extrusion billet premiums ddp Italy, ddp North Germany, ddp Spain in relation to CBAM
Fastmarkets invites feedback on the pricing methodology for its aluminium 6063 extrusion billet premiums ddp Italy, ddp North Germany and ddp Spain ahead of the definitive period of the EU’s Carbon Border Adjustment Mechanism (CBAM), which starts from January 2026.
December 12, 2024
 · 
By Sayaka Kurata
Delayed publication of alumina metallurgical grade, exw China
The publication of Fastmarkets’ MB-ALU-0001 Alumina metallurgical grade, exw China, yuan/tonne for Thursday December 12 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
December 12, 2024
 · 
By James McKeigue