Railway Investment Increase
Recently, the National Development and Reform Commission has approved five new railway feasibility study report. It is Ganzhou to Shenzhen Railway, Beijing to Tangshan Railway, Mudanjiang to Jiamusi Railway, Zhangjiajie Jishou to Huaihua Railway, Shenmu to tile Tong Railway Hongliulin To Feng Jiachuan segment project. The total investment of five railways is about 194.58 billion RMB.
Chinese Railway data shows that the national railway fixed asset investment completed 542.342 billion RMB in the first three quarters, increase10.3%. And the annual target is more than 800 billion RMB. The approval of these five new railways will help to move forward towards this goal.
The five railway construction projects require continuing debt to continue to invest in China Railway. And will brings new order to Chinese railway vehicles and other construction companies.
In this year, the National Development and Reform Commission issued the "Medium-and-long-term Railway Network Plan" to the whole country. The goal is to reach 150,000 km of national railway network by 2020, covering more than 80% of the cities. by 2025, the railway network will be expanded. 17.5 million km, of which 38,000 km high-speed railway. As of the end of 2015, China's railway mileage of 121,000 km, high-speed rail 19,000 km.
National Development and Reform Commission statistics show that fixed assets investment, the first 2016 years, the national investment in fixed assets 48.4 trillion RMB, an increase of 8.3%, of which infrastructure investment grew 19.4%, infrastructure investment in the railway transport industry reached 6203 Billion RMB, an increase of 9.3%.
