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China’s transport investment reaches 3.48 trln yuan in 2020

Abstract : China's fixed-asset investment in the transport sector maintained steady growth last year, official data showed.

Photo taken on April 27, 2021 shows workers of the China Railway 11th Bureau Group participating in the construction of the Huzhou-Hangzhou high-speed railway operating at the continuous beam worksite of the Yuhang super major bridge in Yuhang District, Hangzhou City of east China’s Zhejiang Province. (Xinhua/Huang Zongzhi)

BEIJING, May 19 (Xinhua) — China’s fixed-asset investment in the transport sector maintained steady growth last year, official data showed.

The total fixed-asset investment increased 7.1 percent year on year to nearly 3.48 trillion yuan (about 541.6 billion U.S. dollars) in 2020, according to the Ministry of Transport.

The growth rate was the highest in the last three years, said the ministry.

By the end of 2020, the operating mileage of China’s railway network reached 146,000 km. The country had a total of 5.2 million km of highways, of which expressways represented 161,000 km.

There were 2,592 berths of 10,000-tonne-class or above and 241 certified civil airports throughout the country by the end of last year. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s transport investment reaches 3.48 trln yuan in 2020

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