BEIJING, May 4 -- Fixed-asset investment in China's transport sector maintained a high scale in the first quarter (Q1) of 2024, an official with the Ministry of Transport said.

Total fixed-asset investment in the sector reached 712.5 billion yuan (about 100.3 billion U.S. dollars) during this period, according to the official.

Of the 102 key projects mapped out for China during the 14th Five-Year Plan (2021-2025) period, more than 260 transport-related projects are either underway or have been completed, involving a total investment of 1.3 trillion yuan.

Fixed-asset investment in the transport sector has provided a strong guarantee for the country's economic recovery, the official stated.