The Ministry of Railways said on December 11 that railway fixed asset investment in the first 11 months of the year was CNY 506.9 billion.
The ministry had planned to invest CNY 630 billion this year and it was unclear whether it would reach that target.
Mr Li Changjin chairman of China Railway Group Ltd one of the largest railway construction companies in the country said that "It is unlikely China will accomplish its objective for railway infrastructure investment this year.”
He made the comment during the Communist Party's 18th National Congress in November.
However, railways minister Sheng Guangzu has said several times this year that the annual target would be met.
Investment in railway infrastructure for the first 11 months was CNY 431.9 billion up by 9% as compared to the same period last year.
Spending on fixed assets rose from the beginning of September to the end of November, reaching CNY 235.4 billion. Only CNY 59.6 billion was spent in the first quarter.
In November, fix-asset investment was CNY 81.8 billion and investment in infrastructure was CNY 70.1 billion. The figures marked the first time that investment increased compared to the same month last year since July 2011.
