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

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 (about 53.33 billion U.S. dollars), 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.