In the January-April period this year, fixed asset investment (FAI) in roads, and waterways in China totaled RMB 510.3 billion ($71.6 billion), decreasing by 7.8 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 473 billion ($66.3 billion), RMB 14.8 billion ($2.1 billion) and RMB 13.1 billion ($1.8 billion), decreasing by 9.2 percent, 9.5 percent and 13.1 percent year on year, respectively.
The MOT said that the declining pace of FAI in roads and waterways in the first four months continued to slow down amid the resumption of construction activity.