China To Invest US$724 billion In Transport Over Next Three Years

  • Thursday, 12 May 2016 06:24

China will invest around 4.7 trillion yuan (US$724 billion) in transport infrastructure projects over the next three years, according to an article posted on the country’s transport ministry’s website.

The 2016-2018 plan from China’s Ministry of Transport and National Development and Reform Commission (NDRC) will see the country embarking on 303 transportation projects including railways, highways, waterways, airports and urban rail.

The plan aims to improve the country’s high-speed transport networks and inter-city links to meet the demands of China’s wider economic and social development.

China’s first quarter investment in infrastructure rose by almost 20 percent, as the government looks to transport-related sectors to help support wider economic growth.

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  • Last modified on Thursday, 12 May 2016 08:21
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