Monday 23 December 2024
 
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China Railway

China Railway sees $623m loss on Saudi project

China Railway Construction Corp said on Monday it expected to lose about 4.15 billion yuan ($623.3 million) on a new Saudi Arabian railway for Muslim pilgrims. Costs on the A1-Mashaaer Al-Mugadassah metro light rail project (Makkah Light R

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Global warming threatens Tibet railway

China's controversial railway to the remote and restless mountainous region of Tibet could be threatened by global warming, which may melt the permafrost on which the tracks are built, state media said on Wednesday. 'In Tibet, the

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