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MNI POLICY: China Greenlights CNY474Bn Guangdong-HK-Macau Link

(MNI) LONDON

China has approved the initial phase of a rail plan linking Guangdong with Hong Kong and Macau, with near-term investment amounting to CNY474 billion with a 50% capital outlay, a statement on the National Development and Reform Commission website stated Tuesday.

With new railway lines totaling 775 kilometres, the initial plan will host 13 intercity rail projects and five transportation hubs, linking airports in Shenzhen and high-speed rail stations in Guangdong, among others, the statement said.

By 2025, China plans to have 4,000 km railways linking all the cities in the Greater Bay Area, ensuring traveling time within all major cities at one hour, the NDRC said.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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