Li Xiaopeng, minister of China’s Ministry of Transportation (MOT) stated at the annual working conference held on December 26 that fixed asset investment (FAI) in railway in China will amount to RMB 800.0 billion ($114.6 billion), while in roads and waterways will total RMB 1.8 trillion ($0.26 trillion), in civil aviation will reach RMB 90.0 billion ($12.9 billion) in the year of 2020.
Meanwhile, Mr. Li said FAI in transportation is expected to be RMB 3.2135 trillion ($0.46 trillion) in the year of 2019. It is estimated that an additional 8,000 kilometers of railways, 330,000 kilometers of roads, 385 kilometers of high-grade waterways and five civil transport airports will be added in 2019.
China Railway Corporation (CRC), China’s state-owned national railway operator once announced at the beginning of this year that in 2019 it planned to complete FAI in China’s railways worth RMB 800.0 billion.