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Industry

China's fixed assets investment in transport likely to top RMB2.6 trln in 2019

March 02, 2019


Abstract : China's fixed assets investment in transport, including roads, waterways, railways, and airports, is likely to top 2.6 trillion yuan in 2019, according to Xinhua-run www.cnstock.com on Friday.

BEIJING, March 2 (Xinhua) -- China's fixed assets investment in transport, including roads, waterways, railways, and airports, is likely to top 2.6 trillion yuan in 2019, according to Xinhua-run www.cnstock.com on Friday.

The investment will flow mainly to the Xiongan New Area, Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Economic Belt and Beijing-Tianjin-Hebei region, according to Li Xiaopeng, the Minister of Transport.

Li said that in accordance with the recently-published outline development plan of the Greater Bay Area, the Ministry of Transport (MOT) is formulating the implementation opinions on supporting the transportation development in the region. Work focuses will include building comprehensive external connections and high-speed networks, augmenting the influence of ports and airports in the Pearl River Delta, and improving the service quality and technical application of the transportation networks.

In addition, on the basis of the efforts done in 2018, China will speed up the construction of the intercity connections between Xiongan New Area, Beijing and Tianjin, as well as the implementation of similar projects in the Beijing-Tianjin-Hebei region. (Edited by Li Wenxin, [email protected])

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