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China's railway industry records growth in volume and investment in June
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16:48, July 07, 2009

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In June 2009, the transport, production and operating conditions of China's railway industry continued to improve. All transport indicators showed a trend of stabilization and recovery and fixed asset investment in the railway industry continued to increase, according to statistics from China's Ministry of Railways.

China's railway passenger volume stood at 115.19 million in June, an increase of 530,000 year-on-year. Passengers mainly comprise medium and long-haul travelers. In the first six months of the year, China's railway passenger volume totaled 750.31 million, an increase of 36.58 million or 5.1 percent year-on-year

In freight transport, China's railway freight volume totaled 273.55 million tons in June, basically the same as that in the same period last year. In terms of average daily freight volume, the figure represents a daily increase of 100,000 tons or 1.1 percent.

In terms of freight categories, transport demand of bulk cargoes such as coal, fertilizers, grains and pesticides displayed rapid recovery. Driven by both macro-economic recovery and increased coal demand during the summer peak load period, coal transport demand has continued to rise. Following a 4.3 percent year-on-year increase in coal transport volume in May, the volume rose by 2.82 million tons year-on-year in June, with a daily increase of 5.2 percent.

In the first six months of the year a 201.456 billion yuan investment was injected into railway infrastructure projects, an increase of 155.1 percent year-on-year.

In addition, 5.347 billion yuan has been invested in renovation and upgrade projects in the railway industry, of which 4.485 billion yuan was used for the renovation and upgrade of transport facilities, representing an increase of 2.1 percent year-on-year.

By People's Daily Online

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