China's fixed-asset investment in railways was 850.6 billion yuan (about 117 billion U.S. dollars) in 2024, up 11.3 percent from the previous year, according to data released by the China State Railway Group Co., Ltd.
In 2024, a total of 3,113 kilometers of new railway lines were commissioned, of which 2,457 kilometers were high-speed railways.
By the end of 2024, China's railway operating mileage reached 162,000 kilometers, of which 48,000 kilometers are high-speed railways, marking a record achievement, according to China Railway.
Efforts focused on the construction of over 100 major railway projects, as well as projects for implementing major national strategies and building security capacity in key areas. Key projects included the commencement of constructing 17 new high-speed rail sections, such as the Yichang-Fuling line in southwest China's Chongqing Municipality.
Meanwhile, 42 projects were completed and opened to traffic. Additionally, feasibility studies for 20 new projects, including the Jiamusi-Tongjiang railway expansion in northeast China's Heilongjiang Province, were approved, paving the way for future development.
The year also saw significant progress in freight infrastructure. A total of 44 dedicated railway lines and 12 logistics bases were completed, further enhancing the sector's capacity to support economic growth.
China's fixed-asset investment in railways hits 117 billion USD in 2024
