(Yicai Global) Dec. 26 -- China has been promoting the construction of its transportation system in recent years. Its investment in infrastructure construction, including railways, roads, waterways and aviation, will reach CNY2.69 trillion (USD384.2 billion) in 2020, which is the same as this year, according to the Ministry of Transport.

Li Xiaopeng, Minister of Transport, unveiled the goals for next year at the annual working meeting held today, namely to invest about CNY800 billion on railways, about CNY1.8 trillion on roads and waterways, and CNY90 billion for civil aviation. These investments will improve the transport network in China's townships and villages, and improve the connectivity of ports and railways.

Key projects to be promoted next year include the railway linking Chengdu city and Tibet in China's southwest and the highway linking Shenzhen and Zhongshan in southern Guangdong province.

It is estimated that the fixed assets investment in transportation will hit CNY3.2 trillion this year, Li said, suggesting that China will likely have 8,000 kilometers more of railways, an additional 330,000 kilometers of highways as well as adding 385 kilometers of high-grade fairways and five more civil transport airports. In addition, the country is accelerating the construction of postal express service outlets and intelligent delivery terminals.

Editor: Chen Juan, Peter Thomas