China seeks private rail investors
Print Edition
CHINA yesterday issued a guideline to attract more private investment into its cash-strapped railway sector as it presses ahead with costly high-speed rail projects.
Under the guideline, from the National Development and Reform Commission, private investors will be encouraged to bid for railway contracts and manage projects through diversified investment channels.
The government wants to see more private investment in the construction and operation of inter-city and intra-city lines as well as rail links for mining projects. It will also seek private investment in overseas railway contracts as well as domestic freight railroads and passenger rail services.
In the first half of this year, China Railway Corp, which is responsible for building and operating the railway network, completed only 265.1 billion yuan (US$42.7 billion) of fixed-asset investment, a third of its full-year planned investment.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
