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16-07-2007
China's
fixed asset investment in transportation facilities
in the first six months rose by 9.5 percent
compared with the same period of last year,
but the growth rate was 5.2 percent slower,
according to the Ministry of Communications.
Statistics
released by the ministry Saturday show that
investment in inland rivers enjoyed the highest
growth, at 27.7 percent, while that in highways
was 9.3 percent and coastal harbors at 12.8
percent.
Investment
in highways rose by 9.3 percent, but the growth
rate slowed down by 1.6 percent. Highway construction
accounted for 84.3 percent of the country's
total investment in transportation facilities,
compared with 85.1 percent in 2005 and 84.4
percent in 2006.
According
to the ministry's 11th Five-Year Plan (2006-2010),
by 2010 a fairly complete expressway network
will be finished in the developed east China
areas, while high grade highways will connect
major cities in less-developed central and west
China areas.
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