Transportation Construction Investment Rises 30 Percent in 9M, 2012
OREANDA-NEWS. November 02, 2012. According to the on- site meeting of speeding up the transportation infrastructure construction on October 31, the transportation construction investment hit 21.6 billion yuan in the first three quarters, with a year-on-year growth of 31 percent, increasing by 5.1 billion over the same period last year.
It is expected that the transportation construction investment of Anhui province will reach more than 32 billion yuan by the end of this year, when the highway mileage will be around 3,200 km, with more than 1,200 km mileage under construction and over 750 km of first-class road traffic mileage.
General national and provincial trunk roads are the focus of the new round of transportation investment in Anhui province. Mei Jin, director of the Communications Department of Anhui Province, introduced at the meeting that during the "12th Five-Year" period, the focus of the Ministry of Transport would be inclined to the general national and provincial trunk roads, and Anhui province would invest 60 billion yuan to adapt to this strategic readjustment, striving to reach more than 3,000 km first-class road mileage by 2015 to connect all the counties in the province.
Setting long-term mechanism for transportation investment and financing, and solving financing problems are the necessary premises and primary protection of speeding up the construction of national and provincial trunk roads. At present, the municipal transportation investment companies have been established or to-be-established in Anhui province's 13 municipalities, relying on which the province's transportation infrastructure investment and financing capacity has been effectively enlarged.
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