Shandong released an ambitious railway construction plan at the end of last year, aiming to triple its high-speed railway network to 4,500km by 2022. Photo: Frank Tang
Shandong released an ambitious railway construction plan at the end of last year, aiming to triple its high-speed railway network to 4,500km by 2022. Photo: Frank Tang

China struggling with slow progress on high-speed rail network expansion due to local financing problems

  • Construction of new high-speed link between Zhengzhou in Henan province and Jinan in Shandong delayed due to funding issue
  • Beijing’s policy moves to reduce debt and cut taxes are hampering local governments’ ability to fund new projects

Shandong released an ambitious railway construction plan at the end of last year, aiming to triple its high-speed railway network to 4,500km by 2022. Photo: Frank Tang
Shandong released an ambitious railway construction plan at the end of last year, aiming to triple its high-speed railway network to 4,500km by 2022. Photo: Frank Tang
READ FULL ARTICLE