前三季度交通固定资产投资达2.6万亿元 铁路投资同比增长5.8%

Core Insights - The Ministry of Transport reported a decline in fixed asset investment in transportation, totaling 2.6 trillion yuan in the first three quarters of 2025, a decrease of 4.17% compared to the same period last year, marking the second consecutive year of decline [1] - Investment in various transportation modes showed mixed results, with railways and highways seeing increases, while waterway and private investments declined significantly [1][2] - The highest peak of transportation investment occurred in 2023, with a record 2.8775 trillion yuan, reflecting a year-on-year growth of 5.6% [1] Investment Breakdown - In the first three quarters, railway investment reached 593.7 billion yuan (up 5.80%), highway investment was 1.78 trillion yuan (down 6.15%), waterway investment was 160.5 billion yuan (up 1.84%), and private investment was 82.9 billion yuan (down 15.06%) [1] - Highway investment, which constitutes 70% of total transportation fixed asset investment, is primarily driven by local government and construction enterprises, both of which are currently facing funding pressures [2] Economic Impact - The Ministry of Transport emphasized that the transportation sector's economic performance remains stable, contributing to employment, business stability, and market expectations, thereby providing robust support for economic and social development [2] - In terms of freight, the total freight volume reached 43.25 billion tons in the first three quarters, reflecting a year-on-year increase of 3.89% [2] Port and Passenger Traffic - Port cargo throughput increased by 4.6% year-on-year, totaling 13.57 billion tons, with container throughput growing by 6.3% [3] - The number of cross-regional passenger movements reached 50.6 billion in the first three quarters, a 3.1% increase year-on-year, with rail and civil aviation showing significant growth [3]