Reporters learnt from the PRC Ministry of Transport on November 11 that, according to the preliminary budget of 100 billion yuan allocated for the fourth quarter, the central government has arranged an investment of approximately 10 billion yuan geared towards transport infrastructure projects. With respect to transport construction, this is an extra increment in addition to the original regular plan. China will do its best to increase the investment scale of fixed assets in the transport sector to an annual average level of 1 trillion yuan in the coming two years.
According to the preliminary plans of the Ministry of Transport, the 10 billion yuan will be used for construction projects including the state expressway network and the building of rural highways. Investment priority will be geared towards the western and underdeveloped regions of China.
By People's Daily Online
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