( – FocusAsia Media Ltd

BEIJING, Jul 27 (FAM) – China’s railway investment rose in the first half year and the investment is set to hit a new high in 2017, authorities said yesterday.

In the first half year, fixed asset investment on railways hit 312.5 billion yuan (US$45 billion), up 1.9 percent year on year, according to the China Railway Corporation.

“Investment is expected to hit a new high for the whole year, as construction in the second half year will rise as new projects get underway,” said Wang Mengshu of the China Academy of Engineering.rail - Tanggula train station in Tibet,