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China’s transport infrastructure hits $327.77bn

China’s transport infrastructure hits $327.77bn

China’s transport infrastructure hit $327.77bn from January to September this year, up 1.4% (yoy), according to its government. The rise in total fixed asset investment in transport projects has been highlighted amid an overall increase in infrastructure spend designed to boost China’s economy.

Reuters calculated that the value of fixed-asset investment projects approved in the third quarter of this year hit 437.4 billion yuan, more than four times the amount during the April-June period.

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According to a briefing by China’s Ministry of Transport investment in high-speed motorways is up 12% on the year, though much of the increase was offset by declining investment in rural road infrastructure.

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Construction Global Weekly