Wednesday, July 20, 2016

National development and Reform Commission railway construction investment giant

Beijing, July 20, the State development and Reform Commission held a press conference today, national development and Reform Commission based Division Fei Zhirong introduced the medium-and long-term railway network plan of the situation, he said, after the implementation of the planning, long term railway network will reach about 200,000 km, of which about 45,000 kilometers of high speed railway. Comprehensive national railway network connects more than 200,000 people in the city, and other high-speed rail network connecting the capital city more than 500,000 people in cities, achieving 1-4 hour traffic circle between neighboring cities.

Fei Zhirong said that railway construction investment is enormous, raised by China railway construction is a multi-channel system, railway construction also now to be a part of the capital, railway company and local discussions, determine their percentage, especially with regard to land acquisition and relocation funds.

National railway network will connect more than 200,000 people in its entirety city

Approved by the State Council, national development and Reform Commission, in conjunction with the Ministry of transport, the Railway Corporation jointly issued the medium-and long-term railway network plan. The planning term for 2016-2025, the long-term Outlook to 2030.

Fei Zhirong pointed out that the planning of the development goals: by 2020, a number of major road projects completed and put into production, the network reached 150,000 km, of which 30,000 kilometers of high speed railway, covering more than 80% of big cities; by 2025, Railway network reached about 175,000 kilometers, of which about 38,000 km of high speed railway, network coverage further expanded NET structure optimization, a key role even more significant, better protection of economic and social development of the railway and looking forward to 2030, the basic realization of internal and external interconnection and regional multiplex unblocked, gaotieliantong, city, capital fast access, basic coverage in the County.

Fei Zhirong also introduced the major programmes of the plan. The high-speed rail network, in the original planning, "four vertical and four horizontal" main skeleton based on increased support, appropriate standards, development of high-speed railway passenger flow, while making full use of existing railway, formed in "eight longitudinal and eight lateral" main skeleton, the regional connector link, InterCity supplement of the high-speed rail network.

One is to build "the eight longitudinal and eight lateral" high-speed channel. "Eight longitudinal" channel for: coastal channel, and Beijing Shanghai channel, and Beijing (Taiwan) channel, and Beijing HA-Beijing Hong Kong and Macao channel, and Hunan channel, and Beijing Kun channel, and package (Silver) sea channel, and blue (West) wide channel; "eight cross" channel for: sui full channel, and jinglan channel, and green silver channel, and bridge channel, and along channel, and Shanghai Kun channel, and HA Yu channel, and wide Kun channel.

Second, the development of regional rail links. "The eight longitudinal and eight lateral" based on the primary channel of, planning the layout of regional connection of high speed railway lines, aimed at further improving the road network, expanded coverage of high speed railway. Shanghai Maritime University men discredited because

Third, developing intercity passenger rail. Priority high-speed trains, ordinary-speed railway lines while Intercity intercity service, support and guidance of new town development, planning and construction effective connection cities and towns, and urban agglomeration of intercity passenger rail service commuter function.

In addition, clear delineation of the high-speed railway network and construction standards. New high-speed rail corridor planning project principles with 250 km/h and above standard (complex and difficult topography and climate conditions can be reduced), along which dense population urbanization and economic development, through metropolitan railway adopted standards of 350 kilometers per hour. Principles of regional rail link speeds of 250 km/h and the following criteria. Intercity railway principle of 200 kilometers per hour and the following criteria.

Ordinary-speed railway network, focusing on expanding network coverage in the Midwest, improving the Eastern network, upgrading the existing road network quality, promote peripheral interoperability. One is the ability to form regional fast channel. Contains 12 across the region, many pathways, convenient capacity of regional channels. Second is oriented "along the way" the international channel. From the Northwest, Southwest and Northeast China in three directions and peripheral connectivity, improving port facilities, enhanced coastal ports in the rear channels. Third, contributing to poverty alleviation crucial and land development railway. Expand network coverage and improve access to Tibet, Xinjiang channels and promoting the development and opening of border, 3 presented a number of planned projects. Four are strengthening the railway transportation system. Area development planning and construction type, such as the branch line of railway and port type, Park, improving the transportation system.

Integrated transport hub, in order to better play the overall effectiveness of the railway network, supporting point-line capability, according to the "passenger and goods outside" principle, further optimizing distribution of railway passenger and freight transport hub, forming system, one easy, fusion of the modern integrated transport hub to achieve passenger transfer "zero distance", logistics link "seamless", transport services of "integration".

He also pointed out that the result of the above programme of road network, long term railway network will reach about 200,000 km, of which about 45,000 kilometers of high speed railway. Comprehensive national railway network connects more than 200,000 people in the city, and other high-speed rail network connecting the capital city more than 500,000 people in cities, achieving 1-4 hour traffic circle between neighboring cities.

Land acquisition and relocation money, needs more funding

Fei Zhirong introduced railway construction investment is enormous, especially in high-speed railway construction, raise money to achieve this vision is very important, this plan is also considering the need and possibility. "Demand" is all provinces and municipalities on railway development, from an economic point of view of society and people's livelihood, put forward many requirements; "may", including funding, as well as other resources, such as land and other resources, to carry out integrated and balanced.

He also introduced in railway construction investment remained at more than 800 billion a year, funding sources, including the central budget for investment, mainly railway construction fund, railway construction bonds, as well as a special construction fund, also funded with bank finance, local government, is also part of the social investment. Investment in social capital is not too much. Railway construction is an investable institutions.

Fei Zhirong pointed out that, in the future, to deepen reform of the investment and financing in hand, further expansion of railway construction funds. National level, to further increase the support to the railway, take the difference of policy, to further increase the proportion of Central and Western Railway in the national investment funds. Meanwhile, supported the railway company continues to expand to issue railway construction bonds, which is effectively an important means of raising long-term low-cost funds, the State Railway Corporation to issue railway construction bonds necessary policy support.

From the railway enterprises, to further play a key role in the construction of the railway, with national support policies. Railway company Railway Development Fund was set up, also further to the platform, expand the scale of railway development fund, attracting more social funds, funds to pull it to the railway development.

Local, railway construction also now to be a part of the capital, railway company and local discussions, determine their percentage, especially with regard to land acquisition and relocation funds. Some local governments and local enterprises also participate, part raising railway construction funds.

For social capital, and actively encourage social capital investments in the construction of railways. Development and Reform Commission and other relevant departments issued last year to encourage policy document and supporting social capital investments in the construction of railways, in general terms, is the State of the existing railway be open to social capital, as well as in respect of land development, and enjoy the same policies, this expanding social capital, including the participation of private capital, foreign direct investment in the railway construction. Through the efforts of all sectors, especially in railway investment and financing system reform deepening, the railway construction funds can be effectively guaranteed.

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