Railway construction reforms on track
Source: Xinhua |
July 25, 2013, Thursday
|
Print Edition
Print Edition
UPCOMING reforms will completely open China's railway construction market, according to a statement released yesterday after an executive meeting of the State Council presided over by Premier Li Keqiang.
Reforms concerning investment and financing in the sector will be speeded up, covering the areas of planning, multi-channel investment, market-based operations and policy coordination, the statement said.
A railway development fund will be established using government investment and social capital, the statement said, adding that local regions and social capital will have ownership and management rights for inter-city railway links and municipal rail links.
Government investment and the railway system's financing have long been the primary sources of capital for railway construction. But these limited channels have become increasingly unable to meet demand for capital.
Reforms concerning investment and financing in the sector will be speeded up, covering the areas of planning, multi-channel investment, market-based operations and policy coordination, the statement said.
A railway development fund will be established using government investment and social capital, the statement said, adding that local regions and social capital will have ownership and management rights for inter-city railway links and municipal rail links.
Government investment and the railway system's financing have long been the primary sources of capital for railway construction. But these limited channels have become increasingly unable to meet demand for capital.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
