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Speeding Up Reform Of Railways With High Liabilities

2011/9/28 11:15:00 30

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On the 27 day, the Chinese government website issued some opinions on further strengthening railway construction management.

joint venture

The preparatory group of the company and the small and medium-sized joint venture projects may be commissioned by the joint venture company to organize the construction of the Railway Bureau or organize their own construction.

Insiders said that the Ministry of Railways was forced by debt pressure to open the road of reform.

Wang Mengshu, academician of the Chinese Academy of engineering, told reporters that at present, the Ministry of Railways owed about 60000000000 yuan to China Railway and China Railway, and many railway infrastructure projects were suspended due to capital problems.

financing

。

In addition, although the joint venture was proposed to form a joint venture, the joint venture company was not open to foreign investment.

The debt ratio of the Ministry of Railways has reached 58%. As the main banks raise their lending rates to the Ministry of railways, the Ministry of Railways has also made loans from banks difficult.

The high debt and financing difficulties of the Ministry of railways are becoming the bottleneck restricting the development of China's railways.

Many railway infrastructure project managers also told reporters that since the beginning of this year, investment in railway infrastructure construction has slowed down. Due to inadequate funds, there have been varying degrees of downtime, half stoppage and slow progress. Wages of some workers have not been paid on time.

As of August this year, the national railway infrastructure completed 316 billion 400 million yuan, which obviously has a big gap with the target of 600 billion yuan in railway infrastructure construction.

Increasing debt pressure will force railways.

reform

To speed up, the Ministry of Railways has diversified financing channels.

But Wang Mengshu believes that the introduction of the opinion is of limited significance for alleviating the difficulties in railway infrastructure construction funds. He said that the capital demand for railway infrastructure is large, and that money is tight at the moment and there is no money for local investment. The financing difficulties of the Ministry of railways are difficult to change in the short term.