April 30, 2020 / 3:04 AM / 2 months ago

China says has prepared pool of transport projects worth $113 billion

BEIJING (Reuters) - China’s transport ministry said on Thursday it has a pool of transportion projects with a total investment value of 800 billion yuan (90.77 billion pounds) that can start as soon as funding is guaranteed, as policymakers look to kickstart the sputtering economy.

Ministry spokesman Wu Chungeng also told reporters during a briefing that Chinese people in general still do not have a strong desire for travel during the upcoming May Day holiday break, which starts Friday and ends on May 5, as caution remains high following the novel coronavirus outbreak.

Those who opt to travel during the break will likely make short-range trips by car within their provinces, he said.

Reporting by Lusha Zhang and Se Young Lee; Editing by Kim Coghill

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