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The end of China Railway Investment accelerated a number of key projects put into operation

 November 21, Wuhan to Xiaogan intercity railway into the final stage of trial operation. Wuhan city circle in the early planning of four intercity railway in the last line, and finally is expected to officially opened in 10 days.

China Railway Corporation recently revealed that it is expected that by the end of 2016, Shanghai to Kunming high-speed railway from Kunming to Guiyang, Yunnan to Guangxi Railway Baise to Kunming, a large number of projects will be put into operation. Another year before there will be 35 projects put into operation, production mileage of more than 2000 km, 2017 spring railway passenger transport capacity increased by 7.5%.

As of the end of October 2016, the national railway fixed asset investment completed 623.449 billion yuan, compared to last year's 567.885 billion yuan, an increase of 9.8%. Investment in railway fixed assets by the national railway and local railway investment, including national railway fixed asset investment growth of 13.2%; Zhengzhou to Xuzhou high-speed railway 22 projects put into operation, production mileage of 1209.9 kilometers.

The reporter combed the iron total data discovery, according to the iron total "the railroad fixed asset investment may complete 800,000,000,000 Yuan above, starts to construct 45 projects, put into production new line more than 3200 kilometers" the year goal. This means that in November and December 2016, railway investment and construction will usher in the peak period, capital investment is expected to more than 180 billion, is expected to exceed 2,000 km mileage. So as to ensure the completion of the railway construction tasks in 2016 goals.

It is noteworthy that the first half of 2016 the national railway investment in fixed assets 306.745 billion yuan, only completed 38.34% of the annual plan. The second half of 2016, the railway investment has been in the state of acceleration, the end will reach a climax.

Iron Corporation official website notification also mentioned, will continue to increase railway construction, especially in the central and western railway construction.

According to the latest published "medium and long-term railway network planning," which also mentioned the future will expand the coverage of the Midwest Road Network, including open up the general-speed trunk channel bottleneck, Kabo Zi section, to achieve basic coverage of railway traffic above the county level administrative region.

Public information, at the end of the year focused on the operation of the project, mostly concentrated in the central and western regions. With the concentration of these railway projects put into operation, the railway operating mileage in the western region will reach 50,200 km.

This means that the national railway passenger transport capacity is expected to increase by 7.5% during the Spring Festival in 2017. The passenger capacity of the eastern developed areas, such as the north to the west, will increase to 8.9% in the densely populated areas of migrant workers in the Midwest. One line from Shanghai to Kunming high-speed railway from Guiyang to Kunming section, from Yunnan to Guangxi railway Baise to Kunming section, Chongqing to Wanzhou railway, Lanzhou to Chongqing railway Guangyuan to Minxian and a number of long trunk line project will be put into operation; (Changsha to seven bucket red, Muyun Xiangtan section), Wuhan to Xiaogan railway, Hohhot to Zhungeer railway will also be opened to operation.

It is noteworthy that, is about to open the operation of Wuhan to Xiaogan intercity railway, inter-city railway opening and operation of Changsha, Zhuzhou and Xiangtan than expected delay. Project extension of the line, more because of financial problems.

In 2013, the State Council issued the Opinions on Reforming the Railway Investment and Financing System to Accelerate the Construction of Railways, and pointed out that the ownership and operation rights of the intercity railway, city (suburban) railway, resource development railway and feeder railway will be provided to the local governments and social capital Open, while encouraging social capital investment in railway construction.

This also means that local inter-city railway projects require local and central co-investment in construction, local investment in addition to building; In addition to inter-city railway projects, local governments also need to self-financing.

Hubei Xiaogan, Xianning and Hubei Railway Office responsible person in an interview with reporters, also mentioned after the completion of the line or will be long-term loss and how to balance the profitability of the operation. Which involves local self-financing, the need for financial subsidies.

A local railway system, retired officials said, many regions have also tried a variety of ways to reduce losses, such as considering the use of Hong Kong or foreign line operators to help operators in the construction are also trying to attract social capital to enter, financing and operations Still exploring.

By the end of 2015 a report of the Audit Commission said that the railway construction of the annual investment plan completion rate is low, some of the railway project paragraph has not yet put into production and other issues.

According to the China Railway Corporation, the main reasons for the low completion rate of the annual investment plan of the project are that the project feasibility study approval, preliminary design, construction drawing and project bidding and tendering take a long cycle. Local capital raising and bank loans are slow to implement.

In the August 2016 notification, also mentioned six projects slow progress, which also involves the construction of railway lines.

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