Railway Investment to Maintain Pace: Another 800 Billion Yuan

2016-01-18 587 0人评论
  On January 17, the Laba Festival, with the flavor of the New Year already in the air, China's railway investment also welcomed good news: investment will reach 800 billion yuan again. Sheng Guangzu, general manager of China Railway Corporation, said at the company's work conference held in Beijing on the 17th that according to the plan, in 2016, railway fixed asset investment will be 800 billion yuan, passenger volume will increase by 10% year on year, and freight volume will increase by 2% year on year. In addition, in 2016, China Railway Corporation will promote new breakthroughs in "going global" and enhance the international competitiveness of China's railways.
  Looking back at 2015, national railway fixed asset investment reached 823.8 billion yuan, with 9,531 kilometers of new lines put into operation, including 3,306 kilometers of high-speed rail.
  For the five years of the "12th Five-Year Plan", it was a period of increased investment in railway construction and significant improvement in the scale and quality of the railway network. According to statistics, during the "12th Five-Year Plan", railway fixed asset investment completed 3.58 trillion yuan, and 30,500 kilometers of new lines were put into operation, an increase of 47.3% and 109% respectively compared with the "11th Five-Year Plan", making it the five years with the most investment completion and new line operation in history. By the end of the "12th Five-Year Plan", the national railway operating mileage reached 121,000 kilometers. In particular, huge achievements have been made in high-speed rail construction. A number of world-renowned major projects such as the Beijing-Shanghai High-Speed Railway, Beijing-Guangzhou High-Speed Railway, Harbin-Dalian High-Speed Railway, and Lanzhou-Xinjiang High-Speed Railway have been completed and opened to traffic, basically forming a high-speed railway network with the "four vertical and four horizontal" lines as the main skeleton. At present, the national high-speed rail operating mileage exceeds 19,000 kilometers, ranking first in the world and accounting for more than 60% of the world's total high-speed rail mileage.
  Not only in China, China's high-speed rail is also worldwide.
  Sheng Guangzu said that in 2016, China Railway Corporation will promote new breakthroughs in "going global" and enhance the international competitiveness of China's railways. In 2016, China's railways will increase the pace of advancing key projects, and do a good job in the construction organization of projects such as the China-Laos Railway, China-Thailand Railway, Hungary-Serbia Railway, and Pakistan Lahore Orange Line Light Rail; make preparations for the start of construction of the Indonesia Jakarta-Bandung High-Speed Railway, and form a comprehensive implementation situation as soon as possible. Among them, the reporter learned that the Indonesia Jakarta-Bandung High-Speed Railway will start construction in the near future.
  In addition, China Railway is actively promoting projects such as the Russia Moscow-Kazan High-Speed Railway, the US Western Express, the Malaysia-Singapore High-Speed Railway, the Two Oceans Railway, and the Tanzania-Zambia Railway, coordinating and promoting the signing of cooperation framework agreements between governments and enterprises, project feasibility studies, investment and financing plans and fund raising and other basic work, and striving for projects to be implemented as soon as possible.
  Sheng Guangzu said that in 2016, China Railway institutions will focus on running China-Europe and China-Central Asia block trains well, strengthen cooperation with railways of countries along the route, compress the full journey time of block trains, accelerate the development of container international logistics transportation, expand international full-process logistics business, improve the international combined transport price mechanism, and actively develop return cargo sources to expand China Railway's international logistics market share.

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