China’s transport infrastructure hits $327.77bn
China’s transport infrastructure hit $327.77bn from January to September this year, up 1.4% (yoy), according to its government. The rise in total fixed asset investment in transport projects has been highlighted amid an overall increase in infrastructure spend designed to boost China’s economy.
Reuters calculated that the value of fixed-asset investment projects approved in the third quarter of this year hit 437.4 billion yuan, more than four times the amount during the April-June period.
- Boring Company to build futuristic transit system at Chicago O'Hare International Airport
- Skanska’s UVA hospital expansion project, Virginia
- Atlantic Gateway Project worth $165 million to provide relief for commuters in Virginia
- Read the latest issue of Construction Global here
According to a briefing by China’s Ministry of Transport investment in high-speed motorways is up 12% on the year, though much of the increase was offset by declining investment in rural road infrastructure.
- East Penn powers an industrial closed loop circular-economyTechnology & AI
- Top 10 sustainable construction startupsConstruction Projects
- The state of waste management in the construction industryConstruction Projects
- Volvo CE & LS Electric: Solar panels in South KoreaConstruction Projects