Financial support for key transport projects will be increased in the next five years as part of China's efforts to construct a modern logistics system and foster high-quality development.

The country will push forward a number of key projects such as the Sichuan-Tibet railway and the new western land-sea corridor during the 14th Five-Year Plan (2021-25) period. The construction of major projects will play a key role in shoring up weak links in infrastructure, fostering a strong domestic market and promoting economic and social development.

The NDRC will accelerate the preparation of the next five-year plan, include eligible railway projects into the country's modern comprehensive transportation system and special plans for railway development as well as increase financial support for key projects.

Specifically, the NDRC plans to speed up the implementation of the renovation and expansion project for hub airports in Xi'an, Lanzhou, Xining, Shenzhen, Fuzhou, Guiyang, Haikou, Guangzhou, Chongqing and Changsha. It will also push forward the pre-renovation and expansion projects of the airports in Xiamen, Dalian and Kunming, and promote the construction of a number of secondary airports.

More efforts will also be made to make full use of investment from the central government budget and special local government bonds, apart from encouraging private sector participation in key projects.