|23 February, 2020

China plans $14.2bln maglev railway in Yunnan - state media

The railway would grow the tourism industry and improve regional transportation

Image used for illustrative purpose. A China Railway High-speed bullet train runs towards Beijing South Railway Station July 25, 2011. REUTERS/Jason Lee/File photo - RTX2CWEW

Image used for illustrative purpose. A China Railway High-speed bullet train runs towards Beijing South Railway Station July 25, 2011. REUTERS/Jason Lee/File photo - RTX2CWEW

REUTERS/Jason Lee/File photo - RTX2CWEW

SHANGHAI - China is planning to build a high speed magnetic levitation train in the country's southwest Yunnan province, with an estimated total investment value of over 100 billion yuan ($14.23 billion), state media reported on Sunday.

The maglev railway will stretch 430 kilometres from Kunming to Lijiang, the Science and Technology Daily said, adding that the railway would grow the tourism industry and improve regional transportation.

($1 = 7.0255 Chinese yuan)

(Reporting by Lusha Zhang in Beijing and Emily Chow in Shanghai; Editing by Sam Holmes) ((emily.chow@thomsonreuters.com; +862120830020; Reuters Messaging: emily.chow.thomsonreuters.com@reuters.net))

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