Total fixed asset investments (FAI) in transportation in China in the January-April period this year amounted to RMB 1.0 trillion ($0.14 trillion), up 13.4 percent year on year, as announced by China’s Ministry of Transportation (MOT).
The FAI in constructions of roads, waterways, inland rivers and coastal facilities in China in the given period amounted to RMB 786.1 billion ($111 billion), RMB 56 billion ($7.9 billion), RMB 295.8 million ($41.8 million) and RMB 253.2 million ($35.8 million), up 14.5 percent, 29.8 percent, 42.3 percent and 15.8 percent year on year, respectively.
Total FAI in transportation in China in April totaled 315 billion ($44.5 billion), up 13.6 percent year on year.
Li Xiaopeng, Chinese minister of transportation, stated that China will expand effective investments in railways and optimize the layout, function, structure and system integration of railway infrastructures.