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February 28, 2017

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Transport projects

CHINA will spend at least 2.6 trillion yuan (US$379 billion) on transport infrastructure projects this year, data from the transport ministry showed yesterday.

That will include 800 billion yuan on railways, 1.65 trillion yuan on roads and 150 billion yuan on waterway transport, Minister of Transport Li Xiaopeng said at a press conference. Li said that during the 13th Five-Year (2016-2020) Plan period, 15 trillion yuan will be channeled to transport infrastructure projects, including 3.5 trillion yuan on railways, 7.8 trillion yuan on roads and 500 billion yuan on waterway transport.


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