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Economy

China expected to invest over RMB2.6 trln in transport field in 2019

January 25, 2019


Abstract : China is expected to invest more than 2.6 trillion yuan in the full year of 2019 in the transport field, according to the Xinhua-run Economic Information Daily on Friday.

BEIJING, Jan. 25 (Xinhua) -- China is expected to invest more than 2.6 trillion yuan in the full year of 2019 in the transport field, according to the Xinhua-run Economic Information Daily on Friday.

The fixed-asset investment in the domestic highways and waterways is expected to be 1.8 trillion yuan in 2019, said Wu Chungeng, a spokesperson for the Ministry of Transport (MOT), at a recent press conference.

The ministry will make efforts to promote the transport construction for better implementation of the Belt and Road and accelerate the transport integration in regions such as Beijing-Tianjin-Hebei region, Xiongan New Area, and the Yangtze River economic belt, said Wu.

In addition, the fixed-asset investment in the civil aviation field will be 85 billion yuan in 2019 to strengthen the infrastructure supply, according to a national civil aviation work conference.

Moreover, the country will also strengthen its investment in the railway field this year.

China Railway revealed at its work conference that the country's fixed-asset investment in railway is expected to hit a record high and exceed 800 billion yuan in 2019.

Data of the MOT shows that China completed 3.18 trillion yuan of fixed-asset investment in transport in 2018, of which 80.28 billion yuan were invested in railways, 2.3 trillion yuan in highways and waterways, and 81 billion yuan in civil aviation field. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: China-transportation

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