China counts down to start of work on Xinjiang-Tibet Railway

9 months ago

Work is expected to get under way this year on one of the world’s most ambitious rail projects with the launch of a state-owned company to oversee construction and operations of a line that will link Hotan in Xinjiang and Lhasa in Tibet. The Shanghai Securities News reported on Friday that Xinjiang-Tibet Railway Company had been formally registered with 95 billion yuan (US$13.2 billion) in capital and wholly owned by China State Railway Group. According to the registration, the company’s...

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