Housing-Estate.com, Jakarta – China Planning Authority recently approved the construction of railway line linking Beijing with the cities around it. Plan worth 247 billion yuan, or nearly as big as Rp483 billion is part of government efforts to improve connectivity between the cities main, especially those located in the north.
Capital of Hebei Province
According to the National Development and Reform Commission, the proposal contained nine new paths. Among others, linking Beijing with the new port city near Tianjin and cities in Hebei province north side, and from the city to the new airport. Still related to this plan, the government also plans to build many stations in a number of small towns, so that coordination between the transport hub for the better and cut travel time. The Chinese Government also opens the opportunity for investors to participate in developing the new transport lines.
The plan is targeted to be completed before 2020. Although there has been no further details, but it seems this plan to optimism on the shareholders of the companies which are involved. China State Construction Engineering Corp. jump 10 percent, the biggest intraday gain since July 2015. The same thing happened in China Railway Construction Corp. which rose 7.7 percent and China Railway Group Ltd. climbed 6.5 percent.
Source: Bloomberg
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