State Council's requirements over the completion of the railway construction investment plan this year

According to Shanghai Securities News reported, " Opinions" , by the Development and Reform Commission, Ministry of Finance and other research establishment Railway Development Fund to the central budget funds for guidance, to attract social corporate investment. Railway Development Fund invests primarily in state projects, social legal person not directly involved in railway construction, operation, but to ensure their access to stable and reasonable return. " Twelve Five" after three years, continue to issue government bonds to support the construction of the railway and railway bonds varieties and innovative ways.

And, " Opinions" , the railway freight reform, that in accordance with the railways and highways to maintain a reasonable price relations on the principle of national railway freight rates, step rationalize the price level, and the establishment of rail freight road freight price changes in price with the dynamic adjustment mechanism . Create the conditions for the railway freight rates by the government to government guidance pricing, tariffs increase flexibility.

" Passenger rail freight to subsidize the losses mainly rely, rail transport is a major cause of losses for many years the price, rail freight price changes over the years is very small, the whole railway system to make a great contribution to not be recognized." Chinese Academy of Engineering Wang Meng-shu to zhengbao , told reporters that there is room to improve rail freight prices, only railway reasonable tariffs, the railway construction investment can be truly healthy. Of course, " there are certain public railway, which is required to give due government subsidies." Wang Meng-shu said.

This " opinion" clearly establish railway public welfare, transport subsidy policy institutional arrangements. Moreover, " to rationalize the railway tariffs, the establishment of public transport accounting system before, to address China Railway Construction Corporation, inadequate capital projects, interest burden and other issues, taking into account the public railway transport factors, the central government in 2013 and the next two years on the Chinese Railway Corporation to implement transitional subsidies. "

Investment and financing other hand worth looking forward to is the " use of land" resources. This time, the " opinions" made it clear that " China Railway Corporation as a state-authorized investment institution, the original production and operation of the railway allocated land, can be configured to take authorized by the China Railway Company revitalize the use of law."

This means that in the future China Railway Corporation can bold attempt " to place road maintenance" , so popular in the real estate industry on the occasion, a great temptation to give all kinds of social capital.

　 　 The future growth of railway investment worth the wait

" High Speed ​ ​ Rail investment will not 'make money after bad', the central government will give full support for railway investment, for the railway infrastructure, locomotive manufacturing and other related industries form a long-term positive." Wang Meng-shu said.

It is reported that China Railway Corporation Corporation has recently started the first time after the establishment of railway locomotives, EMUs, procurement of buses and trucks, with a total purchase of over 500 billion yuan.

Moreover, railway investment this year also increased compared with the original plan. According to China Railway Company's latest statement, scheduling this year invested 660 billion yuan in fixed assets, including infrastructure investment 530 billion yuan, compared with an increase of 10 billion yuan original plan. According to statistics, this year, 1-7 months, the national railway fixed assets investment of 261.745 billion yuan, an increase of 16.0% over the previous year. Expected to end, the new railway mileage 5500 km, the national railway operating mileage will exceed 100,000 km, high-speed railway mileage will exceed 10,000 km.

Previously, the Development and Reform Commission also agreed to China Railway Company in 2013 China's railway construction bonds issued in phases 150 billion yuan, the total funds raised for Harbin to Qiqihar Railway Passenger wait 73 railway construction projects.

China Railway Company is also actively reform, improve service. In June announced Railway Company began implementing freight organizational changes introduced to simplify acceptance, reform transportation, cleaning charges, to provide " door to door" service and a series of measures. Although watching the effect remains to be seen, but in the long run, should pick up as the economy will be significant traffic growth.

CICC pointed out in a recent research report pointed out that the second half does not exclude the possibility of increased rail investment plans, the railway infrastructure companies have some counter-cyclical, when the economy is down, the infrastructure is the best hedging tool, and railways are government Infrastructure in the preferred varieties.

　 　 Guotai Junan believes that if the second half of the railway infrastructure investment plans upward, railway construction companies will bring investment opportunities.