A new Chinese railway line connecting Beijing and Nanjing is slated to open in 2019.
A new joint venture between China Railway Corporation and a Chinese company is also set to begin construction in 2021, with an estimated cost of $7.7 billion.
Both companies, however, declined to give details about the projects construction plans.
According to a news release from the Chinese Railway Corporation (CRTC), the project is expected to boost the railway network in China’s south-east region, which is known for its high concentration of people and the high number of accidents.
The joint venture will bring railway connectivity to many of the more remote villages and towns along the railway lines.
The project has been approved by the Chinese government.
CRTC says the joint venture is expected, among other things, to bring new high-speed train tracks, improve the track construction techniques and upgrade the maintenance of the railway.
The CRTC also says the project will reduce the number of trains on each line, which will reduce pollution and traffic congestion, and increase rail safety.CRTC says it has completed the project on a joint venture with China Railway Corp. (CRRC) to facilitate the construction of the joint railway project.
CRRC will be operating the joint project with the Chinese state-owned China Railway Engineering Corporation (CNEC).
The joint venture includes the construction and operation of the train tracks and other infrastructure for the railway, and will enable the project to benefit from the China’s low-cost transportation infrastructure, the statement added.CRRC has been tasked with developing the railway and related infrastructure in the south-west region.
It was established in 1999 and has since invested about $8.4 billion in infrastructure projects, including railways, roads, ports and power plants.