Total fixed asset investments (FAI) in transportation in China in the January-March period this year amounted to RMB 720.5 billion ($104.1 billion), up 13.3 percent year on year, as announced by China’s Ministry of Transportation (MOT). In particular, many provinces in China are expected to invest more than RMB 300 billion ($43.4 billion) in transportation in the given period.
Su Jie, deputy director of Department of Integrated Planning at China’s Ministry of Transportation stated that China will further expand effective investment in transport, accelerate the approval and construction of key projects, and will strengthen the tracking, coordination and scheduling of key projects.