In the first quarter of the current year, fixed asset investments in railways, roads and waterways in China amounted to RMB 320.5 billion ($51.7 billion), up 15.2 percent year on year, with this growth rate 3.8 percentage points higher than in the first quarter last year, as announced by China's Ministry of Transportation (MOT) on April 16. In the first quarter this year, China's railways, roads and waterways carried 5.56 billion passengers, up 0.9 percent year on year, while this growth rate was 0.6 percentage points lower compared to the first quarter last year.
Meanwhile, in the first quarter this year, China's railways, roads and waterways transported 9.44 billion mt of goods, up 4.5 percent year on year, while this growth was 2.8 percentage points slower than in the corresponding period last year.
According to the MOT, in the first half of this year China's fixed asset investments in railways, roads and waterways will indicate an increase of eight percent year on year.