China’s fixed-asset investment in transport increased 4.8% year on year to 488.9 billion yuan (US$72.64 billion) in the first quarter, the Ministry of Transport said in a statement.
The investment in highways and waterways accounted for the largest share of FAI in Q1 with an inflow of 372.2 billion yuan, a year-on-year increase of 3.3%.
Among all highways and waterways investments, those for expressways expanded 12.6% to 191.5 billion yuan while that of coastal construction recorded the fastest growth rate of 26.1% to 10 billion yuan.
The FAI for railways and civil aviation climbed by 10% and 10.7% respectively to 101.2 billion yuan and 15.5 billion yuan, it said.
China will expand infrastructure investment in 2019, including 800 billion yuan in railway construction and 1.8 trillion yuan in road construction and waterway projects, said Wu Chungen, a ministry spokesperson.