China's railway fixed asset investment in the first quarter of this year increased by 5.1% year-on-year

The Chinese authorities have released the latest investment figures, showing that in the first quarter of this year, China's railways completed 137.9 billion yuan of fixed asset investment, an increase of 5.1% year-on-year, marking a good start for the entire year.

According to China News Service, the China National Railway Group (CRG) released the above data on Saturday (April 11th).

A relevant official from the Construction Department of the National Railway Group stated that since the beginning of this year, the group has focused on serving national major strategies and regional economic development. Leveraging the long industrial chain and wide coverage of the railway construction industry, it has made good use of the national "two major" support policies and accelerated railway construction, achieving positive progress in a number of key projects.

"Two layers" refer to the implementation of major strategies in China and the construction of security capabilities in key areas. Issuing ultra-long-term special government bonds to support the construction of these two aspects is one of the major measures taken by the Chinese authorities as part of a package of expansionary policies to promote high-quality economic development.

In the first quarter of this year, the Xi'an-Shiyan high-speed railway and the Shandong section of the Xiongan-Shangqiu high-speed railway began the joint debugging and trial operation, and the opening of the railway is approaching the deadline.

During this period, all the Bridges of the Chengdu-Chongqing Central Line High-Speed Railway were completed, all the tunnels of the Anhui section of the Shanghai-Chongqing-Chengdu Yangtze River High-Speed Railway were fully connected, and the construction of the ballastless track of the Yunnan section of the Chongqing-Kunming High-Speed Railway was smoothly advanced. 

A number of key and controlling projects for high-speed rail construction, such as the Jialing River Special Bridge from Chengdu to Dazhou to Wanzhou, the Chizhou Yangtze River-Public-Rail Bridge on the Anhui-Huizhou-Chuzhou Intercity Railway, and the Chongtai Yangtze River Tunnel in the Shanghai-Urumqi-Chongqing Intercity High-Speed Railway's Shanghai-Nanjing Section, have been under construction and have achieved certain phased results.