OREANDA-NEWS. The National Development and Reform Commission (NDRC) approved two railway projects on Monday, with total investment of 209 billion yuan (USD 34.1 billion), reported Securities Times.

The projects include railway constructions with a targeted input of 78.8 billion yuan in Hefei, capital of Anhui province, and 130.5 billion yuan in cities in Zhejiang province.

The recent green light comes after the NDRC approved a swathe of other infrastructure projects in October and November. China's fixed-asset investment in railway sector has reached 1300 billion yuan so far this year, said the Times.

Fixed-asset investments are expected catch up significantly in the fourth quarter, according to a report by Nomura in November.