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Do not think that you can build it, as though it were a publicconstructionproject.
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It found that less than €45 million of new publicconstructionprojects were awarded over January and February.
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Hochtief, which focuses on publicconstructionprojects but also builds homes, has risen nearly 60 percent over the same period.
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Officials hoped the program would lower borrowing costs, lure investors back into the municipal bond market and jump-start publicconstructionprojects.
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Hochtief HOTG.DE, which focuses on publicconstructionprojects but also builds homes, has risen nearly 60 percent over the same period.
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Investment in publicconstructionprojects fell 2.5% in April.
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Spending on publicconstructionprojects tumbled 1.3%, with big declines in education, highways and streets.
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Spending on publicconstructionprojects nudged up 0.1%.
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Declining machinery sales in China were caused by the country's monetary tightening last year, which halted private and publicconstructionprojects, the Nikkei said.
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Spending on publicconstructionprojects tumbled 1.3%.