China plans to invest a total of 15 trillion yuan (about 2.2 trillion U.S. dollars) in transport during its 13th Five-Year Plan period from 2016 to 2020, said Minister of Transport Li Xiaopeng.
At a press conference on Monday, Li said that by 2020 a total of 3.5 trillion yuan (about 509 billion U.S. dollars) will be spent on railways, 7.8 trillion yuan (about 1.1 trillion U.S. dollars) on roads, 650 billion yuan (about 95 billion U.S. dollars) on civil aviation and 500 billion yuan (about 73 billion U.S. dollars) on water transport.
A plan for the development of a modernized and comprehensive transport system during the 13th Five-Year Plan period was ratified and released by the State Council recently, Li said in Beijing.
According to the plan, from 2016 to 2020, the length of the railway network will increase by approximately 30,000 kilometers, including 11,000 kilometers of new high-speed railways; the length of roads will increase by 320,000 kilometers, including 30,000 kilometers of new expressways; the number of quay berths for 10,000 tons of cargo or above will increase by over 300; the number of airports for civil use will increase by over 50.
Through these efforts, the country aims to build a modernized and comprehensive transport system marked by safety, convenience, high efficiency and environmental friendliness.
In 2016, the amount of investment in fixed assets in transport reached about 2.85 trillion yuan (about 415 billion U.S. dollars), up 3.8 percent from the year before, said Li.
By the end of 2016, the total length of railways in service in China had reached 1.24 million kilometers, including 22,000 kilometers of high-speed railways; the total length of roads in service had reached about 4.69 million kilometers, including 130,000 kilometers of expressways; the country had built 218 civil transport airports.
As part of the supply-side structural reform, the ministry will work hard to lower logistics costs, upgrade infrastructure in rural areas and improve government services, according to Li.
The minister also responded to the legislation regarding on-demand mobility (ODM) services, which he called a new mode of “Internet + taxi + transport.” Since the release of guidelines on the registration and operation of ODM companies by the State Council last year, 66 municipal governments have announced specific measures for their cities, while the governments in 127 cities are soliciting public opinion, said Li.
(Source: China Global Television Network)
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