New railway construction is on track for this year
Editor: 管理员 Date:2014-08-25 Hit:3957
%3CP%3E%3CFONT%20face%3DVerdana%3EPremier%20encourages%20SOEs%20to%20open%20funding%20to%20market%20participants%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EPremier%20Li%20Keqiang%20asked%20State-owned%20enterprises%2C%20especially%20those%20in%20monopolistic%20industries%2C%20to%20open%20up%20their%20businesses%20to%20the%20market%20as%20he%20visited%20the%20country%27s%20sole%20rail%20corporation%20on%20Friday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20premier%20praised%20the%20rail%20system%27s%20reform%20as%20%22smooth%20and%20stable%22%20following%20its%20dismantlement%20in%20March%202013%uFF0Dthe%20most%20important%20part%20of%20administrative%20restructuring%20under%20the%20current%20leadership%uFF0Dto%20separate%20the%20now-defunct%20ministry%20of%20railways%27%20government%20from%20its%20enterprise%20functions.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22You%27ve%20done%20a%20lot%20to%20crack%20open%20a%20hard%20nut%20in%20the%20past%20year.%20You%27ve%20obtained%20significant%20achievements%20and%20what%20you%20have%20done%20will%20serve%20as%20a%20model%20for%20the%20reform%20of%20other%20State-owned%20enterprises%2C%22%20Li%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ELi%20is%20the%20first%20top%20leader%20paying%20a%20trip%20to%20the%20China%20Railway%20Corp%2C%20headquartered%20in%20western%20Beijing.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EExperts%20said%20his%20visit%20signaled%20approval%20from%20the%20central%20government%20on%20the%20reform%20of%20the%20rail%20system%2C%20which%20has%20more%20than%202%20million%20employees%20across%20the%20country%20and%20used%20to%20have%20a%20separate%20police%20and%20judicial%20system.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAt%20the%20office%20of%20the%20general%20planning%20department%2C%20where%20the%20country%27s%20high-speed%20railway%20was%20planned%2C%20Li%20looked%20up%20at%20a%20progress%20chart%20hanging%20on%20the%20wall%20illustrating%20the%20construction%20of%20the%2064%20new%20rails.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EDeadlines%20for%20environmental%20assessments%2C%20land%20acquisition%20and%20approval%20of%20commencement%20reports%20are%20carefully%20marked.%20Some%20are%20labeled%20with%20a%20small%20red%20flag%20to%20signal%20completion.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAll%20of%20the%20new%20rail%20projects%2C%20which%20involve%20investment%20of%20800%20billion%20yuan%20%28%24128%20billion%29%2C%20will%20start%20construction%20within%20this%20year%20as%20scheduled%2C%20Sheng%20Guangzu%2C%20general%20manager%20of%20the%20rail%20corporation%2C%20told%20the%20premier.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Most%20of%20the%20new%20rail%20projects%20have%20started%20construction%2C%20and%20a%20few%20others%20are%20wrapping%20up%20the%20approval%20procedure%2C%22%20Sheng%20said%2C%20beating%20speculations%20of%20funding%20difficulties.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Some%20of%20the%20800%20billion%20yuan%20will%20be%20invested%20this%20year%2C%20but%20the%20majority%20will%20be%20left%20for%202015%2C%22%20he%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20central%20government%20increased%20railway%20spending%20from%20the%20original%20630%20billion%20yuan%20to%20800%20billion%20yuan%20in%20April%2C%20part%20of%20its%20measures%20to%20cushion%20the%20downward%20pressure%20of%20the%20economy.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20premier%20said%20the%20reform%20of%20funding%20methods%20in%20rail%20construction%20is%20the%20most%20vital%20part%20in%20the%20entire%20reform%20of%20the%20rail%20system.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20government%20can%20no%20longer%20work%20alone%20in%20funding%20rail%20construction.%20We%20have%20to%20open%20it%20up%20to%20the%20market.%20The%20problem%20is%20how%20to%20attract%20private%20funds%20with%20profitable%20projects%20while%20continuing%20the%20less-profitable%20construction%20of%20railways%20in%20central%20and%20western%20areas%2C%22%20Li%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22In%20addition%2C%20the%20reform%20of%20rail%20construction%20funding%20will%20cast%20a%20light%20on%20similar%20reform%20of%20other%20natural%20monopoly%20industries%2C%22%20he%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EYang%20Zhongmin%2C%20head%20of%20the%20department%2C%20said%20a%20few%20of%20the%2064%20projects%20are%20jointly%20financed%20by%20the%20corporation%20and%20private%20capital.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EA%20rail%20linking%20Changchun%20of%20Jilin%20province%20with%20West%20Bayanhuar%2C%20a%20coal-rich%20township%20in%20the%20Inner%20Mongolia%20autonomous%20region%2C%20is%20expected%20to%20start%20construction%20this%20month.%20The%20construction%20of%20the%20freight%20line%20requires%2016.4%20billion%20yuan%20and%20will%20be%20completed%20within%20three%20years%2C%20according%20to%20its%20environmental%20assessment%20report.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EYang%20said%20about%2090%20percent%20of%20the%20investment%20is%20from%20private%20investors.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20reformed%20the%20funding%20of%20railway%20construction%20and%20called%20for%20accelerating%20rail%20construction%20in%20central%20and%20western%20regions%20in%20July%20last%20year.%20Since%20then%2C%20multiple%20fundraising%20for%20railway%20construction%20has%20been%20pledged%2C%20including%20a%20greater%20role%20for%20private%20capital%20and%20the%20establishment%20of%20a%20railway%20development%20fund%2C%20which%20is%20expected%20to%20bring%20billions%20of%20yuan%20in%20funding%20from%20private%20investors.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28China%20Daily%29%3CBR%3E%3C/FONT%3E%3C/P%3E
