During Jan.- Sept. 2011, investment on railway infrastructure construction reached RMB346.9 billion in China, a decline of 19.3% YoY. For Sept. alone, investment arrived at RMB30.4 billion, decreasing by 58.8% YoY. Meanwhile, investment on port and highway reached RMB96.7 billion and RMB882.4 billion respectively, up 36.6% YoY and 12.9% YoY separately. Investment on highway in the western areas was still the driving force.
Completed Investment on Railway, Port, and Highway and Growth in China, Jan.- Sept. 2011
|
|
Investment (RMB bn)
|
YoY (%)
|
|
Railway
|
346.9
|
-19.30%
|
|
Port
|
96.7
|
36.60%
|
|
Inland Port
|
—
|
31.10%
|
|
Coastal Port
|
—
|
38.80%
|
|
Highway
|
882.4
|
12.90%
|
|
Eastern Area
|
—
|
5.00%
|
|
Central Area
|
—
|
10.20%
|
|
Western Area
|
—
|
21.30%
|
Source: ResearchInChina
Considering the poor situation of railway investment, Chinese government has gradually enhanced support over it. Ministry of Railways successfully issued the first phase railway construction bond of total value of RMB 20 billion in 2011.
However, it still takes time to get recovery. According to the completed railway investment amount in Jan.-Sept. 2011, the target of RMB600 billion is hard to finish in 2011.