In 2014, municipalities in China completed fixed asset investments totaling RMB 1.62469 trillion ($0.262 trillion), down 0.6 percent year on year, accounting for 3.17 percent of total fixed asset investments in China overall, as announced by China’s Ministry of Housing and Urban-Rural Development (MOHURD) on July 3. In particular, fixed asset investments in road and bridges, and in railways accounted for 47.1 percent and 19.8 percent of the total fixed asset investments of Chinese municipalities in 2014.
At the end of 2014, the total length of municipal roads in China amounted to 352,000 km, up 4.8 percent year on year. Meanwhile, as of the end of 2014, 22 cities in China had railways with a total combined length of 2,715 km, up 22.7 percent year on year, while 36 cities had a total of 3,004 km of railways under construction, up 8.8 percent year on year.