(ECNS) -- Beijing will invest 750.5 billion yuan ($113 billion) in transport infrastructure during the next five years and make further cuts in the number of additional cars allowed on the road from 2018 to 2020, local media reported, citing Beijing's 13th Five-Year Plan on Transportation Development.
The city plans to gradually increase the percentage of new-energy cars in use and study a reform plan based on market allocation of the current quota system for vehicle license plates.
From 2018 to 2020, Beijing will cap the total number of newly added cars at 300,000 by issuing an average 100,000 new license plates each year, a 30 percent cut from current levels.
The plan calls for limiting the number of cars on the road to 6 million by the end of 2017 and 6.3 million in 2020.
As Beijing establishes a new administrative center in Tongzhou District, transportation projects, including subways, will be a priority in the five-year plan to facilitate connections with neighboring areas.
A number of other measures are also on the table, including more flexible traffic controls in downtown areas on smoggy days and shifting work or school hours to reduce the pressure of rush hour.
The commission aims to ensure that people can find a subway station within 750 meters in most downtown areas. The daily volume of passengers taking public transportation -- bus and metro -- will rise from 21.6 million to 30.5 million, according to the plan.
The city will also promote an "Internet+" model that will allow more people to work from home, easing the burden on roads and public transport.
The $113 billion investment will be used in 49 areas including civil aviation, railways, subways and highways.
