Ministry of Railways will be issued to the total, or 20 billion of corporate bonds the construction of railways

Railway ’12′ Development Plan (hereinafter referred to as planning) has been the onward transport of the Provincial Development and Reform Commission, Railway Office and the relevant departments, agencies. “a person close to the Ministry of Railways, told reporters. Planning to the national railway mileage in 2015 amounted to around 120,000 km, the basic completion of the scale super-fast rail network of 40,000 km double track railway rates and electricity rates about 50% and 60%.

Previously prepared by the Ministry of Railways in 2004 long-term planning of railway network in 2020 the railway mileage of 100,000 kilometers, which means that the original to “Thirteen” to reach the target in advance five-year plan to complete.

reporter found that the plan showing the status of the “leap forward” At present, the railway construction fund-raising is still heavily dependent on bank loans and bond issues to resolve. North Jiaotong University Professor Rong DPRK and expressed great concerns about this pattern of development continued, he suggested that the early railway reform, to clean up the railway debt.

The planning continue to raise the

close to the Ministry of Railways who said, “The program began in April 2010, the preparation of, until now formal Publish. “

The reason that long overdue, according to the person’s explanation is” from 2010 to today, especially over the past 2011, the railway system occurred in misfortune too. “

First Minister of Railways Liu Zhijun suddenly dismissed from their posts, which led to including the Ministry of Railways, departments and bureaus and the local railway bureau personnel turbulence, and the subsequent 7.23 accidents letting the State Department to rethink and adjust the strategy of high-speed rail, these changes in his preparation of the planning, whether it is the general direction of the guiding principles, or specific projects listed, there arose no small impact.

planning another reason for the delay from the game between the provincial and ministerial. Professor Rong Chao,

North Jiaotong University, SEM and said: “The Ministry of Railways have their own planning, this is the railway network plan prepared in 2004 and 2008 to adjust the railway network plan, these two plans is the tube to 2020, supposedly within the time frame of the 12th Five-Year Plan is also the aforementioned planning, but planning is better to change faster. local government, especially the central and western provinces on the construction of a railway is very positive, sometimes pushing the adjustment programs of the Ministry of Railways, on some projects. “

a consultative company Railway Group expert told reporters shortly after the medium-and long-term railway network plan is revised only in 2008, some projects began to” adjust “, and are adjusted to high, which means that the normal line must adjust into the passenger dedicated lines.

Rong-chao and summarize each planning and adjustment, almost all of the increase in length of the routes, improve the line specifications, only to put up, not going down.

planning compared with long-term planning of the railway network in 2004 and 2008 after adjusting for planning, and “rapid”.

the 2004 plan, 2020, railway operating mileage of 100,000 kilometers. Date of 2008 to adjust the planning provisions, which was changed to: “China’s railway mileage in 2020 reached more than 120,000 km.” Just released the “12th Five-Year Plan, the goals has been brought forward to 2015.

In addition to the total mileage of railways, high-grade lines, especially the construction of passenger dedicated and opened mileage is also improved in the planning.

in 2004 planning the construction of passenger dedicated more than 12,000 km in 2020, 2008, the figure was raised to 16,000 km. The issued planning, not only the mileage increased, the time has also accelerated the planning, said in 2015, basically completed more than 40,000 kilometers of fast rail network.

above close to the Ministry of Railways said that the planned establishment is largely the result of the Department of Game, the local Development and Reform Commission, Railway Office will place the project reported to the Ministry of Railways, Ministry of Railways for approval right on the written to the planning, reported that “local only not underreporting.

thus formed, each revised plan will last huge. Moreover, each province will dispute some of the lines of the site settings and line to the event of a disagreement, which led to some inter-provincial project delay to settle down, and this is the “12th Five-Year Development Plan of the railway delays in the preparation of completed One of the reasons.

high debt-leap

railway construction in the 12th Five-Year Plan substantially raise the main reason is that local governments desperately reported that fast on the rail project .

Shaanxi Province during the 12th Five-Year “will be built west treasure, Atlantic, west into and other 14 projects. The scale of these projects is about 2500 kilometers with a total investment of about 200 billion yuan, in addition to some of the projects carried forward to the “Thirteen” early completion of most of the projects will be completed and put into operation in 2015.

rather Xinjiang to Lanzhou to Urumqi, the second two-lane express rail 8 Coal Transportation Corridor project will be built in the 12th Five-Year “period. These projects are expected investment will be about $ 120 billion-150 billion yuan.

massive construction program and the amount of investment requires a lot of hard cash to “pay the price”. However, from the first quarter of this year, the Ministry of Railways infrastructure investment point of view, one quarter of 2012 the Ministry of Railways infrastructure investment reached 113.1 billion yuan, and is mainly concentrated in the first three months, in early January, a 8.7 billion yuan and 20.8 billion in February compared with $, called the blowout.

these infrastructure investment, 91.5 billion yuan by bank loans, accounting for 80 percent. As at the end of 2012, the Ministry of Railways total liabilities reached 2.429836 trillion yuan in the first quarter of the costs, the optical principal interest will need to spend 28.4 billion yuan.

by its own funds for such a mode does not depend on national government bonds or financial allocation to the construction of railways, Wing DPRK and expressed great concern: the yield of high-speed rail project is very pessimistic, Railway loss of 70 billion in the first quarter, how to fill such a large debt black hole, this model is actually able to maintain when. “

reporter learned from the financial system who, next week the Ministry of Railways will be issued a total or 20 billion of corporate bonds, to solve the funding problems of railway construction.

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