State owned national operator China Railway (CRC) has been handed a budget of $115bn to expand its network this year following record breaking passenger numbers in 2016, reports the IRJ.
CRC carried 2.7 billion passengers last year, registering an 11.2% year-on-year rise, while opening 3281km of new main line railway. Freight volumes also rose to 2.65 billion tonnes.
Passenger traffic is expected to exceed the three billion mark in 2017 and so CRC has plans to electrify 4,000km of railway and construct 2100km of new railway within the next 12 months to cope with increased demand.
We've read it in: International Railway Journal, February 2017, Page 6
