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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4017)	12/31/2004 2:46:34 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's Guangdong outlines new multi-billion dollar railway network BEIJING : China's booming southern metropolis Guangzhou has begun construction of a new train station that is destined to be a hub for an ambitious multi-billion dollar rail network in Guangdong province and its outlying regions. Groundbreaking ceremonies were held Thursday for the 13 billion yuan (1.6 billion dollar) station which is due to go into operation in 2008. It will be designed to handle up to 80 million passengers by 2020, Xinhua news agency said. Located in Fanyu district about 14 kilometers (nine miles) south of downtown Guangzhou, the station will not only be the terminus of the Beijing-Guangzhou express line but will also connect with the future high speed Wuhan-Guangzhou railway, the report said. According to government sources, the 8.2 billion dollar Wuhan-Guangzhou railway is also slated to go into operation in 2008 and will be designed so trains can reach speeds of up to 250 kilometers an hour (155 mph), it said. Travellers along the 875 kilometer (542 mile) line will be able to go from Guangzhou to Wuhan in central Hubei province in only four hours. The Wuhan-Guangzhou line will begin construction next year. The new train station will also be the hub of an ambitious 16.8 billion dollar high speed train network for the Pearl River Delta that will link Guangzhou to Hong Kong, Shenzhen, Macau and Zhuhai. It is slated to go into operation by 2010, said Xinhua. Construction on the nine new lines in the network also begin in 2005. According to the provincial railway construction plan, Guangdong province is expected to have 2,164 kilometers (1,341 miles) of new railways by 2020, it said. It will then be possible for trains to run from Guangzhou to major cities in neighboring provinces like Fujian, Jiangxi, Hunan and Hainan in 12 hours, and to farther provinces like Sichuan, Yunnan and Guizhou within 24 hours. - AFP channelnewsasia.com