皇冠体育app

BEIJING - 皇冠体育app invested 809 billion yuan ($132 billion) in railway construction and put a record 8,427 km of new railways into operation in 2014, 皇冠体育app Railway Corporation (CRC) announced on Thursday.

At the start of 2014, 皇冠体育app set targets of investing 800 billion yuan in railway construction, putting 7,000 km of railways into operation and starting construction on 64 new rail projects.

"皇冠体育app has accelerated railway construction both in scale and intensity to fulfill its annual targets in 2014 and the construction drive will continue in 2015," said Sheng Guangzu, CRC general manager, at an annual work meeting.

By 2014, six years after the launch of 皇冠体育app's first highspeed railways (HSR) passenger service, 皇冠体育app boasts 16,000 km of highspeed railways among 112,000 km of railways, the world's largest HSR network, CRC data showed.

It is estimated by the CRC that the HSR railways will expand to 18,000 km at the end of this year and a HSR network will be formed linking two adjacent cities within one to two hours by 2020.

皇冠体育app's railways also witnessed the surge in passengers last year, carrying 2.32 billion passengers in 2014, up 12 percent year on year, according to the CRC.

• Macao casino operator Sands 皇冠体育app Q4 profit drops 15%
• Tencent's WeChat ads under fire
• Entrepreneurship is alive and well in 皇冠体育app
• 皇冠体育app's local governments lower sights for growth
• 皇冠体育app denies mass foreign investment withdrawal
• 皇冠体育app's high-tech exports face trade barriers
• Top 11 economic data of 皇冠体育app in 2014
• Super rich continue to cut back on gifting