China's 2014 transport infrastructure investment to post USD409b

(MENAFN) Fixed asset investment on China's transport infrastructure, including roads, railways, airports and waterways, are projected to hit USD409 billion this year, the Minister of Transport said, QNA reported.

Transport authorities have played an important role in the nation's efforts to stabilize economic growth by speeding up investment on infrastructure construction, he said at a national transport work conference.

He said that the investment this year is expected to increase roads by 93,800 kilometers, including 7,450 km expressway. Meanwhile, 230,000 km countryside roads are to be renovated in the year, local media reported.

Total investment on railways are to hit USD130.16 billion this year, which has increased railway mileage by 8,000 km, he said.