China`s investments in road, water traffic to reach CNY1 trillion

Time:2009-08-07 Browse:27 Author:RISINGSUN

CHINA`S full-year investment on road and water traffic is to reach CNY1 trillion (US$14.6 billion) by the end of the year, a year on year increase of 20 per cent, Xinhua reported.

Ministry of Transport spokesman He Jianzhong said the investment on road projects in the early half of this year increased 49 per cent to CNY36.3 billion. Another CNY29.7 billion was invested on sea ports, a year-on-year increase of 5.8 per cent and CNY12.5 billion was spent on river traffic, up 29.9 per cent.