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Transport projects to cost $377 billion

China will spend at least 2.6 trillion yuan ($376.81 billion) on transport infrastructure projects this year, data from the transport ministry showed on Monday. That will include 800 billion yuan on railways, 1.65 trillion yuan on roads and 150 billion yuan on waterway transport, Minister of Transport Li Xiaopeng told a news conference. Li said that during the 13th Five-Year Plan period (2016-20), 15 trillion yuan would be channeled to transport infrastructure projects, including 3.5 trillion yuan on railways, 7.8 trillion yuan on roads and 500 billion yuan on waterway transport.