Core Points - The feasibility study report for the new Shanghai-Hangzhou high-speed railway has been approved, marking significant progress towards the project's construction [1] - The railway, approximately 223.8 kilometers long, has a total investment of about 67.097 billion yuan and is part of China's "Eight Vertical and Eight Horizontal" high-speed railway network [1] - The new railway will connect Shanghai East Station to Hangzhou West Station, with a design speed of 350 km/h and nine stations along the route [1] Industry Impact - The new Shanghai-Hangzhou high-speed railway will serve as the second high-speed rail link between the two cities, addressing the increasing demand for cross-city travel and alleviating congestion on the existing line [2] - The completion of this railway is expected to reduce travel time from Hangzhou West Station to Shanghai East Station to approximately 40 minutes, enhancing connectivity for residents in the region [2] - The railway will also connect with the Hangzhou Airport high-speed rail at Tongxiang Station, facilitating better access to both Xiaoshan and Pudong airports [2]