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China to step up construction on major transport infrastructure

Updated: Feb 23,2015 10:59 AM     Xinhua

BEIJING — China will maintain the scale and intensity of major transportation infrastructure construction in 2015 to buoy growth.

The National Development and Reform Commission (NDRC) said that more railway lines, particularly in the central and western regions, will be put into operation this year, which will stabilize economic growth and improve people’s livelihoods.

The NDRC will continue to encourage social capital through preferential measures to attract investment in major transportation infrastructure in 2015.

In 2014, the NDRC approved 34 billion yuan ($5.56 billion) for transportation infrastructure, which included railways, roads, airports and waterways.

China had more than 110,000 kilometers of railways by the end of 2014, 15,800 kilometers were high speed rail (HSR), making it the HSR world leader.

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