China Invests $ 207 Billion in Transportation Infrastructure in the First Half of the Year

China made a billion dollar investment in its transportation infrastructure in the first half of the year
China made a billion dollar investment in its transportation infrastructure in the first half of the year

According to the Ministry of Transport, the investment in China's transport sector infrastructure reached 6 trillion yuan ($ 1.45 billion) in the first half of the year, up 207 percent year on year. Thanks to these investments, the transportation sector, which experienced a decline in the pandemic period, recovered in a short time.


Ministry investment spokesperson Sun Wenjian said at a press conference that the country's investment in land and waterways construction rose by 7,8 percent in January-June, reaching 1,08 trillion yuan. He added that while the investment in the railway infrastructure has reached 325 billion yuan in the last six months, the civil aviation infrastructure has reached 40 billion yuan, representing more than 40.1 percent of its annual targets.

Speaking at the meeting that construction was restarted in all 625 major transportation projects and 430 new roads and waterways projects were launched to alleviate the economic impact of the coronavirus, Sun spoke to expand the country's investment in the transportation sector and major transportation projects, including the Sichuan-Tibet Railway and Beijing-Xiong'an highway. He announced that they would continue to support his construction.

In the first half of the year, 36 billion passenger travels were made in 48 major cities of the country, with a decrease of more than 16.9 percent compared to the same period of the previous year. However, the figure in June regained about 69 percent of last year's volume and increased by more than 37 percent from the end of the first quarter.

Hibya News Agency


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