China plans next year to invest nearly 115 billion dollars in railway construction, 257 billion in construction of roads and waterways and about 13 billion in the construction of airports. This was stated today by the Minister of transport of China Sawpan, speaking at the National conference on transport.
thus, according to the Minister, the government previously has approved the construction of high-speed rail line, which runs through the North-Eastern province of Liaoning and Jilin. The project cost is estimated at 10.3 billion U.S. dollars. Two more railway lines will link Mongolia and Ningxia Hui Autonomous region of China. It will be allocated 7.8 billion. The construction of an airport in Jiangxi province will require approximately 237 billion.
In 2019, the government has invested in transport infrastructure by almost $ 460 billion, due to what was built, 8 thousand km of Railways, 330 thousand km of roads, 385 km of navigable channels and five airports.
Infrastructure projects China is one of the key drivers for growth of steel industry, which this year will increase steel output by 7% to 980 million tons. In 2020 according to the forecast of the government of the PRC is projected to stabilize steel production at 981 million tons.
