An area of track on the Lanzhou-Xinjiang railway line. (Photo by Ni Shubin/Asianewsphoto)
More than 10 provinces including Guangdong, Henan and Yunnan have unveiled their transportation blueprints during the 13th five-year plan period, with total investment of 5.8 trillion yuan ($880.44 billion), the Shanghai Securities News reported on Friday.
Transportation departments in several provinces recently held their 2016 work conferences and finalized investment targets during the 13th five-year plan period.
On Jan 11, Chongqing municipality announced that over the next five years the total investment of their transportation projects will be 400 billion yuan.
On Jan 10, Yunnan province said the investment in road and water transportation is expected to be 500 billion yuan by 2020, while infrastructure investment is to reach 100 billion yuan this year.
On Jan 7, Guangdong held a work conference and announced the province is expected to complete 500 billion yuan investment during the 13th five-year plan period.
On the same day, Henan province also disclosed that the transportation infrastructure investment is set to reach 235 billion yuan over the next five years.
In addition, the other seven provinces: Zhejiang, Shaanxi, Gansu, Sichuan, Hunan, Anhui and Fujian also set out their transportation blueprints during the 13th five-year plan period.
Based on a rough estimate by the Shanghai Securities News, total prospective investment of the above mentioned 11 provinces and regions has reached 5.8 trillion yuan.
In terms of the investment section, railway and highway are still two bright spots.
The railway investment in Shaanxi, Hunan and Zhejiang represents nearly 50 percent of total investment.
Guangdong continues to focus on highway construction. Last year, the total mileage of highway exceeded 7,000 kilometers for the first time, while over the next five years, the southern province aims to target 11,000 kilometers.
