On February 14, China's Ministry of Railways stated that in 2011 China's total railway fixed assets investments will reach RMB 850 billion ($129 billion).
RMB 700 billion ($106 billion) of the mentioned figure is for basic investment in construction, including medium-sized infrastructure at RMB 699 billion ($106 billion) and small-scale infrastructure at RMB 1 billion ($152 million). The remaining RMB 150 billion ($22.8 billion) includes investments in renovation and technological upgrades at RMB 24 billion ($3.6 billion) and purchases of railway rolling stock amounting to RMB 126 billion ($19 billion).
According to the Ministry of Railways, in 2010 China's total fixed asset investments in its railways reached RMB 823.5 billion ($125 billion), with investment in construction reaching RMB 700 billion (($106 billion). The remaining RMB 123.5 billion included investment in renovation and technological upgrades at RMB 21.4 billion ($3.2 billion) and railway rolling stock purchases at RMB 100 billion ($15 billion), as well as RMB 2.1 billion ($319 million) of investment in post-disaster reconstruction projects.