Railway investment adds nearly 100 billion abrasives to the industry

"In order to stimulate economic growth, the central and local investment in railways is now highly motivated. Some new projects have been added in the second half of the year. This year's railway infrastructure investment is estimated to increase by nearly 100 billion yuan, but it will depend on whether it can be completed. The funds are in place." A few days ago, Wang Mengshu, an academician of the Chinese Academy of Engineering, said in an interview.

Wang Mengshu told reporters that the current funding shortage of railway projects still exists, and the local government funds are particularly unsatisfactory. The construction projects are more than 10,000 kilometers, and they are also closed.

A few days ago, the State Council requested that the projects under construction, the projects to be started, the funding needs of the survey projects, and the progress of the projects be reported to plan the railway investment for the next few years. According to the arrangement, the construction investment will be 1.33 billion yuan in the three years after the 12th Five-Year Plan, and the new line will be put into operation more than 20,000 kilometers, minus the 520 billion yuan set at the beginning of this year. The investment amount in the next year will be only 810 billion yuan. Wang Mengshu said that to complete the "12th Five-Year" railway development plan and the medium- and long-term railway planning goals, the annual railway investment should be maintained at around 600 billion yuan. According to the reporter's understanding, recently, Lu Chunfang, deputy general manager of China Railway Corporation (hereinafter referred to as China Railway General Corporation) convened a meeting of relevant departments to discuss the construction of railway reform. The unanimous opinion is that the annual investment of 600 billion yuan cannot complete the planned plan.

China Railway Construction's quarterly report shows that in the first three months of this year, the company's railway project signed a new contract amount of 51.225 billion yuan, an increase of 302.72%; China Railway Group's first quarter report shows that the company's railway project new contract amount in the first three months of this year 73.64 billion yuan, an increase of 712.1%. However, due to the lack of funds, the railway infrastructure investment situation in the first half of the year was relatively low. The data shows that although the monthly investment in railway construction has not decreased significantly, the railway infrastructure investment in the first half of the year was 186.9 billion yuan, accounting for only 36% of the annual plan of 520 billion yuan.

Wang Mengshu said that due to the under-employment of the railway project, many industries related to railway construction, such as steel, cement, coal, machinery, materials and other industries, face difficulties, and these industries have excess capacity. Investment can, on the one hand, stabilize the economy and on the other hand resolve excess capacity."

"The key lines between Beijing and the provincial capitals and provincial capitals still need to be considered by the state; all provinces and cities are also building a one-hour intercity railway network. Now local leaders frequently go to China Railway to run and ask for planning." Wang Mengshu said. Recently, the State Council executive meeting also proposed to promote the reform of the railway investment and financing system, comprehensively open the railway construction market through reform, give priority to the construction of railways and related facilities in the central and western regions and poverty-stricken areas; speed up the preliminary work and make the "Twelfth Five-Year Plan" Key projects will start in time and be promoted according to reasonable construction period to ensure the quality of the project.