China okays urban rail projects worth US$67.9b in Bay Area | Inquirer Business

China okays urban rail projects worth US$67.9b in Bay Area

/ 12:30 PM August 05, 2020

This Sept 23, 2018 photo shows two high-speed trains at Shenzhen North Railway Station in Guangdong province. WANG SHEN / XINHUA via China Daily/Asia News Network

HONG KONG — China’s state planner has approved several urban railway projects worth 474.1 billion yuan (US$67.91 billion) in the Guangdong-Hong Kong-Macau Greater Bay Area.

Those projects will have a total length of 775 kilometers, according to a notice posted on the website of the National Development and Reform Commission on Monday.

The plan, which aims to boost intercity transportation capacity in the bay area, comprises 13 railway projects and five hub projects, according to the notice.

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TAGS: Business, China, Greater Bay Area, Railway, transportation

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