China’s central government has allocated Rmb270bn for infrastructure investment so far in 2009, according to an official from the country’s top economic planning body, the National Development and Reform Commission (NDRC).

That amount is part of a planned total of Rmb367.6bn in this year’s central budget. Adding a further Rmb30bn from the 2008 budget means that the country had already allocated Rmb300bn to infrastructure investment since the fourth quarter of last year, NDRC vice director Mu Hong was quoted as saying by China Daily.

The money is part of the Rmb4,000bn, two-year stimulus plan announced late last year in response to the economic downturn.