China State Railway Group Co. Ltd. (China State Railways), according to the statement made yesterday, fixed investment in the country increased in the first half of 2020 despite the negative effects of the Covid-19 outbreak. In the statement, it is stated that the fixed investment for national railways projects increased by 1,2 percent in the first half of this year compared to the same period of the previous year and reached 325,8 billion yuan (approximately 46,12 billion dollars).
According to the report shared by China International Radio via mail, considering the whole of the projects, those who are concerned with the railway infrastructure have increased by 3,7 percent compared to the previous year and reached 245,1 billion yues, thus, as of July 1, 1.178 km of the new railway has been put into service.
In the first quarter of the year, investment in state railways fell by 21 percent compared to a year ago to 79,9 billion yuan. In the second quarter of the year, the resumption of investments was effective in the acceleration of the acceleration. Thus, the investment in railways in the second quarter of the year increased by 11,4 percent compared to the same period of the previous year and reached 245,9 billion yuan.