China’s Top Economic Planner has allocated 200 million yuan (about 28.3 million U.S. dollars) from the central budget to support the construction of transportation hubs in five cities to improve China-Europe Rail Freight Services.
According to a Statement by the National Development & Reform Commission, the funds will be used to support the construction of demonstration Projects in Zhengzhou, Chongqing, Chengdu, Xi’an and Urumqi in a bid to improve the efficiency of the transportation network of the Rail Freight Services.
The Commission said it will step up coordination to guide local authorities in construction of transportation centres and offer strong support for the joint building of the Belt & Road.
The China-Europe Rail Transport Service was initiated in 2011 and is considered a significant part of the Belt & Road Initiative to boost trade between China & Countries participating in the Initiative. Amid the Coronavirus Pandemic, the service remained a reliable transportation channel.