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China Railway sees lower 2009 capex at 13 bln yuan

Tue Apr 28, 2009 11:44pm EDT

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HONG KONG, April 29 (Reuters) - China Railway Group Ltd (601390.SS) (0390.HK), the country's largest railway and highway builder, on Wednesday estimated its capital expenditure to be about 13.3 percent lower in 2009 against a year ago.

Capital expenditure is estimated at about 13 billion yuan ($1.91 billion) for 2009 compared with 15 billion yuan in 2008, a senior company official told reporters. (US$1=HK$7.8=6.823) (Reporting by Donny Kwok; editing by Chris Lewis)



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