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A light rail train runs on snow-covered track in Changchun, capital of northeast China's Jilin Province, Nov. 19, 2013. Northeast China has been battling the first blizzard of the winter for a fourth day. (Xinhua/Xu Chang)



 

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Aug 13, 2018
China okays $11.45 billion in new urban rail projects in Changchun
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BEIJING (Reuters) - China’s state planner has approved a total 78.7 billion yuan ($11.45 billion) of urban railway projects in the capital of the northern Jilin province, the country’s first urban rail project to be approved in a year, local media reported on Sunday.

The approval for the projects in Changchun city signals the restart of infrastructure projects that Beijing had put on hold as it sought to contain local government debt, part of its multi-year risk crackdown.

The Politburo, China’s top decision-making body, said in July that China could boost infrastructure spending, confirming a Reuters exclusive that China was planning to ease borrowing curbs on local governments to prop up growth as the economy slows amid a heated trade row with the United States.

The state planner has approved urban railway projects including eight subway lines, with estimated length of 135.4 kilometers for Changchun, the National Business Daily (NBD) said on Sunday, citing an announcement on the Jilin Development and Reform Commission’s website.

That is more than double the number of urban rail lines Changchun currently have in operation right now - one underground metro that just opened last year and two light rail lines.
 
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