In the January-February period this year, fixed asset investment (FAI) in roads, and waterways in China totaled RMB 117.0 billion ($16.6 billion), decreasing by 38.8 percent year on year, as announced by China’s Ministry of Transportation (MOT).
In particular, in the given period FAI in construction of roads, inland rivers and coastal facilities in China amounted to RMB 107.15 billion ($15.2 billion), RMB 3.54 billion ($0.5 billion) and RMB 4.86 billion ($0.69 billion), decreasing by 40.1 percent, 39.3 percent and 20.2 percent year on year, respectively.
The MOT pointed out that the outbreak of the coronavirus has exerted a negative impact on the transportation sector in China.
Against the background of improved prevention and control of the coronavirus in China, the MOT has urged the resumption of projects under construction as soon as possible and has implemented a study and review of a number of major projects to accelerate the issuance of its second batch of investment plans this year.