Thailand looks to China-Laos railway

Thailand will further boost international trade and inject greater stimulus into its domestic economy by speeding up its connection to the China-Laos railway, experts said. “The China-Laos railway project has opened a new logistics mode in the region,” said Joe Horn-Phathanothai, founder and CEO of Thai investment consultancy Strategy613 focusing on China and Thailand. One…

High-speed railway projects can be opened to private investment

The Hangzhou-Taizhou High-Speed Railway, China’s first privately-owned high-speed railway in Zhejiang province, became operational recently. It has a total investment of 44.03 billion yuan ($6.93billion), 51 percent of the railway’s shares being held by a consortium of eight private enterprises and the rest by China Railway Development Fund Corporation, Zhejiang Transportation Investment Group, and Shaoxing…

Chinese contractors to build Philippines’ fastest, longest railway: ambassador

MANILA – The Philippine government has signed a commercial contract worth $2.8 billion with Chinese contractors to build the “fastest and longest railway” in the country that connects southern Luzon provinces, China’s Ambassador to the Philippines Huang Xilian said in a statement on Tuesday. Philippine Transportation Secretary Arthur Tugade signed on Monday the first package…

Freight train services with DPRK resume

China has resumed railway freight services to the Democratic People’s Republic of Korea to facilitate normal bilateral trade interactions, Foreign Ministry spokesman Zhao Lijian told a news briefing on Monday. He said the work will be conducted on the basis of ensuring COVID-19 epidemic prevention and control measures. A freight train from the DPRK that…

Efforts on fighting pandemic, improving efficiency of border clearance highlighted

China and Vietnam pledged on Thursday to continue with joint efforts in containing the COVID-19 pandemic and improving the efficiency of border clearance to facilitate more trade and economic cooperation. In a phone conversation, Premier Li Keqiang and Vietnamese Prime Minister Pham Minh Chinh reaffirmed their commitment to strengthening strategic dialogue, deepening exchanges in various…

Main Olympic railway marks 2nd anniversary

The Beijing-Zhangjiakou High-speed Railway, the main railway transportation method for the upcoming Beijing 2022 Olympic Winter Games, celebrated its second anniversary on Thursday as the railway sector has prepared for the sports gala. The line, which opened on Dec 30,2019, has handled 13.8 million passenger trips over the past two years, a daily average of…