Railway construction in China is expected to increase during the fourth quarter of the year, a senior observer has said.
The observer told Shanghai's First Financial Daily that China Railway Corp, which has only used about 60% of its planned 690 billion yuan (US$113.4 billion) budget on rail-related fixed-asset investments for this year, is expected to splurge in the remaining months to ensure their budget for next year. This, coupled with widespread enthusiasm for the construction of intercity railways in several provinces, will see a railway construction boom during the fourth quarter, the source pointed out.
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