China has recently approved a project that will expand the railway system between the cities of Beijing, Tianjin, and Hebei. The railway plan, which has been named the Jing-Jin-Ji project, is made up of nine separate plans that have an estimated length of 638 miles (1,100km). The connection of the railway between these three cities will assimilate them into one large mega-city. The cost of improving the railway transportation between the cities is about $36 billion (247 billion yuan) and will continue until 2020.
In recent years, the expansion of railways in China has greatly cut down the time and cost of commuting. Between cities where travel was once impossible, like from Beijing to Binghai, it takes no more than an hour for travelers. This not only makes everyday life easier but benefits businesses as well.
Since the announcement of the Jing-Jin-Ji project, shares for companies who stand to profit from it have gone up considerably. China State Construction Engineering Corp rose in shares by 10 percent and China Railway Construction rose by 5 percent.
All three cities combined have a total population of 110 million residents. The connection of all three cities will allow the Jing-Jin-Ji project to stretch about 82,000 miles (212,000 square feet). That doubles the size of South Korea.