China Railway Corporation will complete more than 500 billion yuan investment in the second half of the year

Abstract The reporter learned from the China Railway Corporation that on August 17, the Harbin-Qiqihar high-speed railway was opened for operation. The Haqi high-speed railway has a total length of 279 kilometers and an initial operation speed of 250 km/h. Earlier, on August 11, the Qingyang Tunnel of Jiqing High-speed Railway's early project broke ground,...
The reporter learned from the China Railway Corporation that on August 17, the Harbin-Qiqihar high-speed railway was opened for operation. The Haqi high-speed railway has a total length of 279 kilometers and an initial operation speed of 250 km/h. Earlier, on August 11, the Qingyang Tunnel, the first phase of the Jiqing High-speed Railway project, broke ground. The project is the first high-speed railway built by the local government.

Since the second half of the year, railway investment and construction have entered an accelerated period. The estimated total investment of the above-mentioned Jiqing high-speed railway project is 59.98 billion yuan, including engineering investment of 54.38 billion yuan and locomotive vehicle purchase cost of 5.6 billion yuan. The source of funds is: project capital accounts for 50% of the total investment, accounting for 30 billion yuan. Among them, Shandong Province bears 80% of the capital (including land acquisition and demolition expenses), which is responsible for raising funds and is responsible for land acquisition and demolition; China Railway Corporation assumes 20% of capital.

Zhao Jian, director of the China Urbanization Research Center of Beijing Jiaotong University, said in an interview. "In the future, during the 13th Five-Year Plan period, the inter-provincial high-speed railway will focus on local investment."

In the first half of this year, the national railway completed fixed assets investment of 265.13 billion yuan, an increase of 12.7%; the new line put into operation 2226 kilometers. The goal of railway investment this year is to maintain more than 800 billion yuan, and the new production mileage is more than 8,000 kilometers. This means that in the second half of this year, the state will complete more than 540 billion yuan of railway investment, and the railway construction is still maintaining a high-speed trend.

In the national railway fixed assets investment completed in the first half of this year, the railway capital construction investment was 234.2 billion yuan, up 13% year-on-year; the national railway locomotive vehicle purchase was 30.9 billion yuan, up 9.2% year-on-year.

"According to the current work schedule and the planning of railway construction in the second half of the year, after efforts, the national railway investment and construction goals can be achieved within the year." The head of the relevant department of China Railway Corporation said.

"Now the railway construction situation is very good, and the promotion in all aspects is very big. The second half of the year will set off the climax of railway construction. This year's railway investment is expected to exceed the set target of 800 billion yuan." Wang Mengshu, academician of the Chinese Academy of Engineering.

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