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China

China Approves a $36 Billion Railway Plan for a New ‘Mega-City’

By
Reuters
Reuters
and
Michelle Toh
Michelle Toh
By
Reuters
Reuters
and
Michelle Toh
Michelle Toh
November 28, 2016, 3:02 AM ET
Rapid Beijing-Tianjin Train Link To Open
TIANJIN, CHINA - JULY 31: (CHINA OUT) A CRH (China Railway High-speed) bullet train bound for Beijing waits at the newly renovated Tianjin Railway Station on July 31, 2008 in Tianjin, China. The Beijing-Tianjin high-speed railway will open on August 1, reaching a design speed of 350 kilometers (about 217 miles) per hour, covering the journey, distance of 120 kilometers (about 75 miles), between the two cities in about 30 minutes. (Photo by China Photos/Getty Images)China Photos/Getty Images

China has approved a 247 billion yuan ($36 billion) railway plan to improve transport links between the capital Beijing, the port city of Tianjin, and the neighboring province of Hebei, part of plans to integrate the three areas into a mega-city.

The National Development and Reform Commission said in a online statement on Monday that the plan will span nine projects that total 1,100 km (683 miles) long. These projects will be built over the years to 2020, and are part of a wider plan that will stretch to 2030, it said.

For more on business in China, watch Coins2Day’s video:

The current population of the three areas is estimated at around 110 million, and by the time it’s complete, the so-called Jing-Jin-Ji project will span 212,000 sq km (82,000 sq miles), or more than twice the size of South Korea.

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