Railway Bonds: Railway Investment

railway bonds: At the end of last year, the National Development and Reform Commission NDRC the country's planning agency, approved a railway construction plan in East China's Jiangsu Province with a total investment of about 218 billion yuan for the project that will begin this year, according to the official website of the NDRC. According to the NDRC, China plans to start construction of 26 railway projects and another 19 reserve projects this year, according to Global Times China. The total amount of railway bonds issued in 2018 was 240 billion yuan, accounting for about 30 percent of the annual railway investment, according to data provider Wind, the report said. The report added that national railway investment in 2019 is expected to exceed 800 billion yuan, a record high. The national railway fixed asset investment stood at 802.8 billion yuan in 2018, higher than the 732 billion yuan planned. The report said that aside from railway construction investment, the NDRC has approved a series of projects such as urban rail and airport construction with total investment of more than 1.2 trillion yuan since the fourth quarter of 2018. It was the fourth consecutive year since 2015 in which fixed asset investment breached 800 billion yuan. (news.financializer.com). As reported in the news.