Beijing to invest another $64 bln in subway expansion in 6 years   

北京6年內擬再投4000億元建地鐵

記者獲悉，預計到2020年，本市地鐵線網規模將達1000多公里，還需投資約4000億元到地鐵建設規劃上。目前，北京軌道交通共計17條線路，運營里程已達465公里。 [查看全文]

(ECNS) – Beijing is planning to invest another 400 billion yuan ($64.4 billion) in the expansion of its subway system, with tracks expected to reach 1,000 kilometers by 2020, the Beijing Morning Post reported.

According to Beijing Infrastructure Investment Co., LTD, which co-operates with the subway, its lines will grow to 22 in 2015, and another 12 lines will be constructed by 2020.

Beijing's subway has 17 lines and 465 km of track in operation. But the existing network still cannot meet the city's mass transit needs, as the daily ridership has exceeded 11 million. Several subway cars have achieved a 130 percent load factor during rush hours in some stations.

Beijing has been mulling price hikes for bus and subway fares. Local authorities have launched public transportation reform, soliciting public comments on the price hikes.

The Beijing subway still implements a flat fare of 2 yuan ($0.32) per ride, with unlimited transfers to all lines except for its airport express line, which is the lowest among all rapid transit systems in China.