China plans to open 3,000 km of new railway lines in 2023
More than 3,000 kilometers of new railway lines will be put into operation in China this year, including 2,500 kilometers of high-speed railways, Chinese media reports.
The construction of new railways in China include the Sichuan-Xizang Railway, and a total of 102 railway projects which are planned in the Outline of the 14th Five-Year Plan (2021-25) for National Economic and Social Development and Vision 2035 of China.
The financial target of China Railway for 2023 is to achieve 817.5 billion yuan (112 billion euros) in business revenues, up 18 percent over 2022, and restore overall revenue to the level of 2019, according to a statement China Railway sent to the Global Times, the English-language state-affiliated Chinese newspaper reports. China State Railway Group Corp (China Railway) held an annual industry work meeting this week, which set the goals for 2023 and reviewed operations in 2022.
In 2022, a total of 1.61 billion rail passenger trips were made, and China Railway expects to carry 2.69 billion passengers in 2023, up 67.6 percent year-on-year. Its target for rail freight is to ship 3.97 billion tons of goods, up 1.8 percent compared to last year.
China exceeded 2022 construction target
In 2022, China Railways says to have completed 710.9 billion yuan (97.5 billion euros) of capital investment in railways and put 4,100 kilometres of new railway lines into operation, including 2,082 kilometres of high-speed railways. This brought the total length of railways in operation in China to 155,000 kilometers as of the end of 2022, including 42,000 kilometers of high-speed lines. Around the same time last year, China Railway announced plans to build 3,300 kilometers in new rail tracks in 2022 of which 1,400 kilometers of high-speed rail, meaning the construction goals for 2022 were in fact exceeded with more than 1,000 kilometres of additional rails constructed.
In addition to construction new rails within its own borders, China is also building high-speed railway lines in other countries, such as Indonesia’s first high-speed railway between Jakarta and Bandung. Having started construction in 2016, this project is set to commence operations this year after starting trials last November. At the end of 2021, a railway line between China and neighbouring country Laos was put into operation. China is also involved in construction of the Belgrade-Budapest railway in Europe, which links Serbia and Hungary.