Ministry Spends More than 500 Bln Yuan on Railway Fixed-asset Investment

(Beijing) – The Ministry of Railways said on December 11 that railway fixed-asset investment in the first 11 months of the year was 506.9 billion yuan.

The ministry had planned to invest 630 billion yuan this year, and it was unclear whether it would reach that target.

"It is unlikely China will accomplish its objective for railway infrastructure investment this year," said Li Changjin, chairman of China Railway Group Ltd., one of the largest railway construction companies in the country.