China's transport investment up 11.7% in Jan-Feb

BEIJING -- China's transport sector saw an increase in fixed-asset investment in the first two months of this year, data from the Ministry of Transport showed.

In the January-February period, fixed-asset investment in the sector amounted to 338.7 billion yuan ($53.33 billion), up 11.7 percent year-on-year, the ministry said.

The majority of the funds went to road and waterway infrastructure construction, with investment in road construction jumping 15.7 percent year-on-year to 255.1 billion yuan.

Investment in waterway construction came in at 18 billion yuan in the first two months, up 3.9 percent.