Saturday, October 25, 2008

2 trillion of the State Council approved railway investment

Financial crisis has hit Chinese real economy, the increase in fixed investment in China has been the main driver of growth.Ministry of Railways spokesman Wang Yong-ping said the other day, the new railway project investment and stimulate economic growth as a major bright spot, the railway sector has been well prepared.
He disclosed that in the future, China will have invested a lot of major construction projects.
Wang Yong-ping said the State Council approved railway investment has reached 2 trillion yuan, of which projects the size of the investment of more than 1.2 trillion.In particular, he pointed out that these figures are only identified by number, than some of the "11th Five-Year Plan" of the figures have improved in the future with the actual situation changes, some of the figures could increase.
This year 1-9 months of the completion of the railway sector investment in infrastructure construction in recent 170,000,000,000 yuan more than the same period last year 99,300,000,000 yuan increased by 71.1 percent.At the same time, the Ministry of Railways is at an unprecedented rate and the local government to speed up cooperation, increase the railway's construction efforts.According to the Ministry of Railways has been revealed that in 10 months early, the Ministry of Railways and the Northeast 8 provinces entered into a joint venture construction of the railway minutes or cooperation agreements.
Policy Research Office of the CPC Central Committee Zheng Xinli, deputy director of the last week had said that in order to ease the global credit crisis, China is ready to take action to increase investment in railways, the increase in domestic demand.Zheng Xinli said that the railway Development and Reform Commission on reform of the details of the study.Zheng Xinli, also in the process of drafting the policies of the current program and the 1997-1998 Asian financial crisis of highway construction projects have done a comparison.He said, "We are the last road construction system to increase domestic demand, we are likely to construction of the railway network."
全球金融危机已经触及中国实体经济,增加固定投资一直是中国经济增长的主要动力。铁道部新闻发言人王勇平日前表示,铁路新项目的投入,作为拉动经济增长的重要亮点,铁路部门已经做好了充分的准备。
他透露,在未来一段时间,中国将有很多重大项目投入施工。
王勇平称,现在国务院批复的铁路投资额已经达到2万亿元,其中在建项目的投资规模超过了1.2万亿。他特别指出,这些数字只是现在确定的数字,有的比“十一五”规划的数字已经有了提高,未来随着实际情况的变化,有些数字可能还会增加。
今年1到9月份,铁路部门共完成基础设施建设投资近1700亿元,比去年同期的993亿元增加了71.1%。同时,铁道部正以前所未有的速度加快与地方政府的合作,加大铁路建设的力度。据铁道部的消息透露,在10月中上旬,铁道部与东三省等8个省份签订了合作建设铁道的会议纪要或合作协议。
中共中央政策研究室副主任郑新立在上周就曾表示,为了缓解全球信贷危机的冲击,中国正准备采取行动增加铁路投资,增加国内需求。郑新立提到,发改委正就铁路改革的细节进行研究。郑新立还对当前正在起草的政策方案和1997-1998年亚洲金融危机后的公路建设项目做了对比。他说,“上次我们建造公路体系来增加内需,这次我们很可能建造铁路网”。

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