China okays $43.3bn urban rail projects

China okays $43.3bn urban rail projects

PHOTO CREDIT: Samaylive

China’s state planner on Wednesday said it had approved new urban railway projects worth ¥298.35 billion ($43.28 billion) in Shanghai.

The projects include six subway lines and three inter-city railways with a total estimated length of 286.1 kilometers, the National Development and Reform Commission said in a statement on its website.