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News

River investment up by one-third in first half-year

5 September 2012
Fixed assets investment in China’s road and waterway networks in the first half of 2012 totalled Rmb549bn, a fall of 6.2 per cent year-on-year, Shipping Gazette reported.

Road building accounted for Rmb473.3bn, a decline of 7.8 per cent, while investment in inland river construction was up by nearly one-third to Rmb21.1bn, and in coastal construction by 5 per cent to Rmb5bn, Xinhua reported.

Transport Ministry spokesman He Jianzhong said total investment in transport for the whole year would remain flat or slightly down on last year’s total.

The article justified the large increase in investment in inland river construction by saying that water transport had the advantage of huge carrying capacity combined with lower energy consumption and carbon emissions compared with road transport.

The transport ministry said 2.2bn tonnes of freight was carried by water in the first half of the year, an increase of 9.3 per cent.

     
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