Summary：With transport capacity lagging far behind demand, China's fund-strapped railway sector will accept investment f...

With transport capacity lagging far behind demand, China's fund-strapped railway sector will accept investment from a wide range of sources, an official with the country's top railway authority said on Tuesday.

Private businesses have already landed deals for railway construction projects and more companies are welcome to enter the railway transport market, Zhao Guoqing, chief engineer of the State Railways Administration, said at a news conference in Beijing.

She said her agency has drastically reduced the number of private funded projects that have to go through review and approval procedures.