Urban rail transit investment in 2026 may decrease by 30%, with a prominent contradiction between "can build but cannot afford to maintain"

WealthCoffee · 2026-04-05T11:52:23+00:00

Urban rail transit construction investment has declined for five consecutive years since reaching its peak in 2020, and is expected to decrease to 411.42B yuan in 2025, a year-on-year decrease of 13.38%. During the "14th Five-Year Plan" period, the average annual construction investment is about 507.63B yuan, a 3.58% decrease compared to the "13th Five-Year Plan".

WealthCoffee

2026-04-05 11:52:23

Abstract generation in progress

【Caixin Net】 After peaking in 2020, investment in urban rail transit construction (hereinafter “urban rail investment”) has seen its total amount decline for 5 consecutive years. Recently, a report titled 2025 Annual Statistical and Analysis Report on Urban Rail Transit released by the China Association of Urban Rail Transit (hereinafter “the Urban Rail Association”) shows this trend.

The report notes that in 2025, the total amount of urban rail investment fell year over year by 13.38% to 411.42B yuan, including vehicle procurement investment falling year over year by 2.37% to 24.27B yuan. China’s construction investment under the 14th Five-Year Plan is about 2.54 trillion yuan, with an average annual construction investment of 25.4k yuan, down 3.58% year over year compared with the 13th Five-Year Plan.

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