China's transport infrastructure investment grows

BEIJING — Fixed assets investment in China's transport infrastructure registered a robust growth in the first two months of this year, part of the efforts to build a modern and efficient transportation system.

Investment in transport infrastructure projects including roads, waterways and among others reached 172.6 billion yuan ($25.1 billion) in January and February, increasing by 33.9 percent year-on-year, latest data from the Ministry of Transport revealed.

The figure did not include investment in railway projects.

The combined investment volume in the first two months accounted for about 9.6 percent of the total scheduled for the whole year.

Breakdown figures showed that 160.1 billion yuan was invested in road construction and 10.5 billion yuan went to waterway transport projects in the period, rising by 36 percent and 2.8 percent year-on-year, respectively.

China is set to spend around 2.6 trillion yuan on transport infrastructure projects this year, according to the ministry. That will include 800 billion yuan on railways, 1.65 trillion yuan on roads and 150 billion yuan on waterway transport.