Secretary, Ministry of Railways development plan Zhong-Min Yang a guest of China's economic network, he said that the source of railway investment trillion channels are implemented, funds from guaranteed.
China Economic Net Beijing January 19 hearing According to "medium and long-term railway network planning" adjustment programs, in 2009 the railway will be 600 billion yuan investment in capital construction, in 2010 capital investment 700 billion yuan, total investment in railway construction for two years 130 billion yuan, the railway construction projects throughout the 31 provinces and autonomous regions. The large building will inevitably require a large amount of funds, the money come from? How come? For this problem, the Ministry of Railways Development Plan Secretary Zhong-Min Yang a guest of China's economic network in an interview with Secret 11.
Railway construction in the five main sources of funds
Before 2004, the railway construction funds mainly from the central government investment, but there is no specific central funds, mainly from the railway transportation income extraction, there are about 60 billion yuan annually. In the current large-scale railway construction, the source of investment funds trillion whether there is any guarantee? Zhong-Min Yang Secretary calculations to us in detail accounts. "Central investment alone is not enough, is required to use innovative ideas to raise funds in order to ensure that the needs of large-scale construction."
At present, railway construction funds for five main parts: the first part is the central budget for investment in this part of the whole is very limited, but its very prominent role in guiding, for example, the western railway construction in public investment, social investment of other inputs; resolution Second part is in the railway transport revenues extracted construction funds, and from the entire railway industry extracted renovation funds, this part of capital in railway construction is the most important part of each year there are about 100 billion yuan; The third part is the adoption of strategic cooperation agreement, the funds from local governments and other strategic joint human capital; the fourth part of the policy support for increased efforts railway bonds. The fifth part of the reform through the existing railway market in the capital markets to raise funds.
More than five basic components of the railroad construction in the capital, in addition to domestic commercial banks to give loans has also been actively, railway operating income also savings sufficient cash flow, foreign financial institutions to invest in China Railway also expressed keen interest in . "Therefore trillion sources of railway investment is implemented, funded by the security." Zhong-Min Yang Secretary said so.
Local government investment has reached 30%
Zhong-Min Yang has indicated, the new round of railway construction is the biggest driving force for the entire community. From long-term program in 2004 has been promulgated and implemented, the Ministry of Railways and the provinces and autonomous regions and other domestic and foreign strategic partner of the strategic agreement signed more than 200, involving the construction of the scale of cooperation in more than five trillion.
Since 2004, the Ministry of Railways has 31 provinces and cities with the national autonomous region signed a joint railway construction to speed up the strategic cooperation agreement, only the Ministry of Railways in 2008 provinces and autonomous regions with a total of 38 minutes of the signing of the talks, the local government not only shares the cost of land acquisition demolition or direct investment in the form of participation in railway construction, but also in project planning and coordination, land use pre-trial, the preliminary work such as environmental assessment and land acquisition, such as the implementation of the process of demolition to give full support and preferential policies.
So far, the signing of the Department of provinces (regions) strategic cooperation agreement, local governments and other social investors, investment and commitment to the amount of loan guarantees, more than 1.6 trillion yuan, accounting for project investment agreement signed between the total scale of investment of 30% largely solved the central problem of inadequate investment. And before 2004, local government investment in the proportion of less than 1%.
The effectiveness of capital market financing significantly
Over the past five years, the railway transport enterprises pilot joint-stock transformation achieved significant results, the railway capital market for financing an important step. In accordance with the "stock-for-incremental" joint-stock reform ideas, 2006 Daqin Railway Corporation and the Guangzhou-Shenzhen Railway first A-share listed companies to be successful, the railway companies to restructure the integration, select high-quality asset restructuring part of the railway market, the establishment of step China Railway characteristics of modern enterprise system, a key step.
Railway and the Bank further strengthened, including the National Development Bank, including major commercial banks signed a strategic cooperation agreement, while vigorously promoting the diversification of financing methods, and optimize the debt structure, significantly reduced financing costs. 2006 successfully issued 40 billion yuan in railway construction bonds in 2007 to issue 60 billion yuan railway bonds in 2008, issued 80 billion yuan railway bonds, issued a record amount for a breakthrough, achieved a large low-cost financing of the railway.
The next two years in railway construction funds are secure
Last year, the Central Government for expanding domestic demand, emergency issued 100 billion investment, including 150 billion for the railway construction investment, investment in this part of the Ministry of Railways has arranged for 25 projects, at present, the main building of the content has been completed, resulting in a very good pulling effect.
In order to further expand domestic demand, in 2009 the railway infrastructure investment will be 6,000 billion yuan, an actual investment in 2008 to increase the size of 2,700 billion yuan, increased by nearly 50 percent, the Ministry of Railways hope that countries can speed up the approval of new projects have been reported 70 new projects in the plan, if these items can be approval, the project will increase the scale of investment 1.5 trillion yuan, will be completed in 2009 to invest 600 billion to provide basic social security.
In order to ensure large-scale railway construction funds required, in support of relevant state departments to fully seize the current favorable opportunity for railway construction, the Ministry of Railways will be in accordance with the "government-led, diversified investment, market-oriented operation" principle, continue to broaden financing financing channels, the full funding to do a good job in railway construction work. At present, the next two years to raise funds for railway construction work has proceeded smoothly, the project construction can guarantee the necessary funds.
