1.8.12

BILLIONS OF DOLLARS, AND NOT A STACK TRAIN TO BE SEEN.

Fox Business interprets China's increased spending on railroad tracks as an economic stimulus project.
In its latest bond prospectus published on Chinabond, an official website for debt issues, the railway ministry said Monday it plans to spend 470 billion yuan (US$73 billion) on infrastructure investment this year, up from the CNY406 billion stated in a prospectus issued earlier this month.
The Association for American Railroads reports that freight railroads have invested a total of $500 billion dollars (these are probably non-comparable current dollars) on permanent way improvements since 1980.  Those moneys have produced a 70 mph Kate Shelley Bridge in Iowatwo main tracks through the Abo Canyon, and up to four tracks for fluid movement of coal trains in the Powder River Basin.

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