Chinese Minister of Railways Sheng Guangzu said at the National Railway Working Conference on the 23rd that according to the “Twelfth Five-Year Plan†and funding conditions, fixed assets investment of 500 billion yuan was planned for 2012, of which capital construction investment was 400 billion yuan, and the new line was put into production 6366 kilometers. .
This is a relatively lagging time for China's railway construction. Officials of the Ministry of Railways of China for the first time have clearly defined their future investment goals and tasks. The 400 billion yuan in infrastructure investment is slightly smaller than this year. Compared to the infrastructure of more than 700 billion yuan in 2010, the scale of the infrastructure is greatly reduced.
After the “July 23′′ Wenzhou train crash this year, China’s railway construction was in trouble, and a considerable part of the funds under construction projects suffered delays or suspension of construction.
In the fourth quarter, the railway "financing hunger" eased. The Ministry of Railways not only received more than 200 billion yuan in financing support to ensure the repayment of projects under construction and the promotion of key projects, but also issued the first phase of this year's 20 billion yuan railway construction bond.
China's financial and taxation departments also successively issued policies such as “half the collection of corporate income tax on interest income from railway construction bonds†and “clarification of railway construction bonds as government-backed bondsâ€. The market’s confidence in and recognition of the Ministry of Railways bonds began to rise.
Sheng Guangzu revealed that in the soon-to-be past 2011, the national railway is expected to complete a capital construction investment of 469 billion yuan, completing 3,176 kilometers of new track laying, 2,468 kilometers of double track laying, 2022 kilometers of new lines, 1752 kilometers of double tracks, and 2,647 kilometers of electrified railways.
"Whether it is to strengthen the ability of railway transportation to guarantee economic and social development or to play an important role in railway construction in expanding domestic demand, we must maintain the momentum of accelerating the development of railways and realize the goals of the 12th Five-Year Plan for railways," said Sheng Guangzu.
The just-concluded Central Economic Work Conference pointed out that in 2012, it is necessary to maintain a modest investment scale, optimize the investment structure, and focus on the ongoing and continuing construction projects to ensure that the country has approved funding requirements for projects such as water conservancy, railways, and major equipment.
“The decision of the Central Government has created a good policy environment for the smooth construction of railways, but it still needs a lot of work to raise the funds for railway construction. In the large-scale construction phase, the task of ensuring the quality and safety of the project is also very arduous. Can it be implemented scientifically and orderly? Railway construction is facing severe challenges, said Sheng Guangzu.
He said that in 2012 China will have to implement scientific and orderly advancement of railway construction. To ensure the smooth progress of construction of key projects, we will organize construction projects in accordance with the principle of "maintaining the need for construction, maintaining the necessary requirements, and providing supportive measures."
Under construction, it is necessary to ensure the construction progress of the projects that have been started. In particular, we must pay attention to the construction projects completed in 2012 and ensure that they are completed and opened on schedule. The necessity is to improve the road network's main skeleton, major coal transportation channels, and economic and social development projects that are desperately needed for the early start of construction. The emphasis on matching is to improve the comprehensive support of completed projects and focus on improving the ability to pass through points, and the fixed equipment and mobile equipment supporting capabilities to improve the comprehensive transportation capacity of the road network.
For the future financing of railway construction, Sheng Guangzu said that it will increase the financing and management of railway construction funds. Actively strive for the support of the relevant state departments, expand the scale of railway construction bonds, increase the intensity of loans, make full use of various market-based financing tools, and further broaden funding channels.
At the same time, “actively seek local government investment, attract private capital, expand the sources of funds for railway construction, and provide continuous financial support for railway construction,†he said.
Experts in the industry believe that although the previous period of China’s railway financing was tense, the current financial market supporting railway construction is still relatively open and relaxed, and the financial sector’s support for China’s railway construction will continue. Since 2008, China's railway construction has undergone a process from “normal†to “climax†to “lowerâ€. The current policy support is to return it to the “normalâ€.
This is a relatively lagging time for China's railway construction. Officials of the Ministry of Railways of China for the first time have clearly defined their future investment goals and tasks. The 400 billion yuan in infrastructure investment is slightly smaller than this year. Compared to the infrastructure of more than 700 billion yuan in 2010, the scale of the infrastructure is greatly reduced.
After the “July 23′′ Wenzhou train crash this year, China’s railway construction was in trouble, and a considerable part of the funds under construction projects suffered delays or suspension of construction.
In the fourth quarter, the railway "financing hunger" eased. The Ministry of Railways not only received more than 200 billion yuan in financing support to ensure the repayment of projects under construction and the promotion of key projects, but also issued the first phase of this year's 20 billion yuan railway construction bond.
China's financial and taxation departments also successively issued policies such as “half the collection of corporate income tax on interest income from railway construction bonds†and “clarification of railway construction bonds as government-backed bondsâ€. The market’s confidence in and recognition of the Ministry of Railways bonds began to rise.
Sheng Guangzu revealed that in the soon-to-be past 2011, the national railway is expected to complete a capital construction investment of 469 billion yuan, completing 3,176 kilometers of new track laying, 2,468 kilometers of double track laying, 2022 kilometers of new lines, 1752 kilometers of double tracks, and 2,647 kilometers of electrified railways.
"Whether it is to strengthen the ability of railway transportation to guarantee economic and social development or to play an important role in railway construction in expanding domestic demand, we must maintain the momentum of accelerating the development of railways and realize the goals of the 12th Five-Year Plan for railways," said Sheng Guangzu.
The just-concluded Central Economic Work Conference pointed out that in 2012, it is necessary to maintain a modest investment scale, optimize the investment structure, and focus on the ongoing and continuing construction projects to ensure that the country has approved funding requirements for projects such as water conservancy, railways, and major equipment.
“The decision of the Central Government has created a good policy environment for the smooth construction of railways, but it still needs a lot of work to raise the funds for railway construction. In the large-scale construction phase, the task of ensuring the quality and safety of the project is also very arduous. Can it be implemented scientifically and orderly? Railway construction is facing severe challenges, said Sheng Guangzu.
He said that in 2012 China will have to implement scientific and orderly advancement of railway construction. To ensure the smooth progress of construction of key projects, we will organize construction projects in accordance with the principle of "maintaining the need for construction, maintaining the necessary requirements, and providing supportive measures."
Under construction, it is necessary to ensure the construction progress of the projects that have been started. In particular, we must pay attention to the construction projects completed in 2012 and ensure that they are completed and opened on schedule. The necessity is to improve the road network's main skeleton, major coal transportation channels, and economic and social development projects that are desperately needed for the early start of construction. The emphasis on matching is to improve the comprehensive support of completed projects and focus on improving the ability to pass through points, and the fixed equipment and mobile equipment supporting capabilities to improve the comprehensive transportation capacity of the road network.
For the future financing of railway construction, Sheng Guangzu said that it will increase the financing and management of railway construction funds. Actively strive for the support of the relevant state departments, expand the scale of railway construction bonds, increase the intensity of loans, make full use of various market-based financing tools, and further broaden funding channels.
At the same time, “actively seek local government investment, attract private capital, expand the sources of funds for railway construction, and provide continuous financial support for railway construction,†he said.
Experts in the industry believe that although the previous period of China’s railway financing was tense, the current financial market supporting railway construction is still relatively open and relaxed, and the financial sector’s support for China’s railway construction will continue. Since 2008, China's railway construction has undergone a process from “normal†to “climax†to “lowerâ€. The current policy support is to return it to the “normalâ€.
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