This is to take the development of the underdeveloped regions of China by opening them up for business. The ambitious project would make certain that 80% of China's major cities are covered by high-speed rail to make them more economically viable and create more economic hubs in the country.
According to the Vice Transport Minister Yang Yudong, who was speaking at a forum aimed at introducing China's transport services, a total of $504 million would be used between now and 2020.
This would be to renovate expressways, invest in new machines that will speed up railway construction, as well as construct railways speedily to cover the less developed regions of China such as the western and central regions.
China's economic growth has not had an upward trajectory in the past six years, and this is seen as a way to reduce dependence on product export and look for a more self-sustaining method of economic growth, by encouraging consumer spending. This would boost the economy in the long term.
And the works on the new railways began two years ago in earnest with a new line being commissioned recently between Shanghai and Kumming. This particular line is 2,252 kilometers long, across five provinces, and it cuts travel time from 35 hours to just 11 hours.