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Investment in road and water transport greatly increases in first half of 2009
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17:06, July 15, 2009

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In the first half of 2009, road and water transport realized a fixed asset investment of 417.3 billion yuan, up 40.4 percent year-on-year. The growth rate rose by 36.9 percentage points, reversing the sluggish trend in the second half of 2008.

The growth rate in transport construction investments noticeably increased and a large proportion of capital has been put in place, especially in key projects and road construction projects in central regions. This in turn has led to a growing number of new projects.

During the first half of 2009, 111 new highway construction projects were launched nationwide, with a total length of 12,000 kilometers and total planned investment of 700 billion yuan, up 3.6, 5.9 and 6 times respectively, year-on-year. Post-quake reconstruction work has progressed smoothly, all qualified projects have commenced, and their investments have all been realized as planned.

Port output showed a slight increase and bulk cargo noticeably picked up. Some key ports with a certain scale have handled 3.27 billion tons of cargo, up 2.6 percent year-on-year. The growth rate rose by 0.6 percentage points from the first quarter.

Passenger volume in major road and water transport enterprises showed an overall growth. From January to May, the passenger volume via roads and inland rivers increased by 5.2 percent and 6.1 percent respectively.

Civil aviation transport showed a slight increase. From January to May, total civil aviation transport volume stood at 16.04 billion ton-kilometers. Of which, domestic airlines recorded a higher growth in passenger transport, up 19 percent.

By People's Daily Online

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