BEIJING -- China plans to spend 6.2 trillion yuan ($954 billion) to upgrade its transportation infrastructure during its 12th Five-Year Plan period (2011-2015), an official said Thursday.
The figure was compared to a previous investment of 4.7 trillion yuan in the sector during the 2006-2010 period, Sun Guoqing, director of the comprehensive planning department of the Ministry of Transport, said during a press conference.
The money will pay for the construction of road and waterway transportation facilities, with road construction accounting for a large part of the budget, Sun said.
According to a development plan released by the ministry at the conference, China will construct 108,000 kilometers of highway during the 12th Five-Year Plan period.
By the end of 2015, the country's highway network will cover more than 90 percent of cities with populations of 200,000 people or more, according to Sun.
