Financial investment of 75 trillion yuan to support transportation development in China during the 13th Five-Year Plan | Financial investment of 75 trillion yuan to support transportation development during the 13th Five-Year Plan



Financial investment of 75 trillion yuan to support transportation development in China during the 13th Five-Year Plan | Financial investment of 75 trillion yuan to support transportation development during the 13th Five-Year Plan

digital desk, Beijing. The report presented by the Chinese State Council on the Distribution and Use of Financial Transportation Funds was discussed at the 32nd Conference of the Standing Committee of the 13th National People’s Representatives on December 21.

The report said that during the 13th Five-Year Plan (2016-2020), various levels of financial investment of 75 trillion yuan were made to support the development of traffic and transportation in the country.

According to the report, during the 13th Five-Year Plan, China has made financial investments of 56.9 trillion yuan, 11.6 trillion yuan, 3.9 trillion yuan and 2.3 trillion yuan in key industries such as highways, railways, civil aviation and water transportation, respectively.

The relevant departments, including finance and transport, have supported the creation of a modern transport network system by playing a functional role. Upgraded the sustainable development potential of transportation, and achieved positive results in the construction of related fields.

The top-level design will be strengthened following the system concept in the times to come, the report said. Attention will be given to the major contradictions and problems impeding the sustainable and healthy development of the transport industry, the financial investment guarantee mechanism in the transport sector will be reformed, as well as the better role of financial guidance to promote the activation of various stakeholders. Will be performed

(Credits, China Media Group, Beijing)

(IANS)

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