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 sözcüSun Wenjian said at the press conference that the country's investment in the construction of land and waterways increased by 7,8 percent in the January-June period to 1,08 trillion yuan. He added that the investment made in the railway infrastructure reached 325 billion yuan in the last six months, while the civil aviation infrastructure reached 40 billion yuan, representing more than 40.1 percent of the annual targets.

Stating at the meeting that construction has resumed in all 625 main transportation projects and that 430 new road and waterway projects have been launched to alleviate the economic impact of the coronavirus sözcü Sun announced that they will continue to expand investment in the country's transport sector and support the construction of major transportation projects, including the Sichuan-Tibet Railway and the Beijing-Xiong'an highway.

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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