BEIJING, Oct. 27, (Xinhua) -- The country's State Council has approved a total of two-trillion-yuan (292.2 billion U.S. dollars)investment in railways construction, which was set in the Mid-term and Long-term Railway Network Scheme issued in 2004, according the Ministry of Railway (MOF).

According to the plan, the country would need two trillion yuan for railway construction between 2004 and 2020. Now the approved investment has exceeded the 1.25 trillion yuan set in the 11th Five-Year Plan for the period from 2006 to 2010.

Analysts said the country would embrace the railway boom.

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Posted by boyang at October 27, 2008 5:22 AM