Shanghai-Beijing bullet train to run in June

It broke world records during test runs -- hitting 486.1 kilometers per hour -- and now the long-awaited Shanghai-Beijing high-speed train is back on schedule and due to carry its first passengers by the end of June.

Beijing Railway Administration will also launch its new telephone booking and Internet booking services at the same time, reported State media.

The train will run through Tianjin, Hebei, Shandong, Anhui and Jiangsu between the capital and Shanghai, passing through seven provinces and municipalities along China's east coast, where a quarter of the country's population lives, generating 40 percent of the country's GDP.

• More on CNNGo: Shanghai-Beijing train breaks world speed record

Once the high-speed link is complete, it will be able to carry 160 million passengers a year, and will be the first commercial train to run at an average speed of 380 kilometers an hour.

The 1,318 kilometer track cost RMB 220.94 billion, according to China Daily.

• More on CNNGo: Hayabusa bullet train hotfoots it up Honshu

Although flying from Beijing to Shanghai only takes two hours, the train journey will be shortened from an overnight trip to just four hours. 

The new Shanghai-Beijing line is part of a nation-wide expansion of the railroad system, which is due to cover 120,000 kilometers of track by 2020.