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China to spend $2,2 trillion on transport infrastructure

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China to spend $2,2 trillion on transport infrastructure

Within the framework of the 13th five-year development plan (2016-2020), the Chinese government is planning to invest 15 trillion yuan (2.18 trillion U.S. dollars) in transport infrastructure, the Transport Minister of China, Li Xiaopeng, said on Monday.


“According to the plan, over the course of the 13th five-year plan, a total investment in transport will reach 15 trillion yuan,” said Li Xiaopeng.

In particular, 3.5 trillion yuan (508,6 billion U.S. dollars) out of this amount will be spent on the construction of railway infrastructure, 7.8 trillion yuan (1.13 trillion U.S. dollars) will be allocated for the construction of roads, 650 billion yuan (94,5 billion U.S. dollars) will be invested in infrastructure for civil aviation, another 500 billion yuan (72,66 billion U.S. dollars) are intended for waterway transport.

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