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Home > News > Valuable News > Railway investment amounted to 322 billion yuan in the first half of the year.

Railway investment amounted to 322 billion yuan in the first half of the year.

ECHEMI 2019-08-05

Railway-investment

National railway investment is still accelerating track-laying. Reporters learned from the railway system on the 29th that in June, the national railway fixed assets investment increased by nearly 100 billion yuan, thus pushing the total railway investment in the first six months of this year to 322 billion yuan. Statistics from the National Bureau of Statistics show that investment in railway transport industry is leading the national fixed assets investment. According to Peng Yongtao, Director of the Investment Department of the National Bureau of Statistics, in the first half of this year, the national infrastructure investment increased by 4.1% year-on-year, while the investment in railway transportation increased by 14.1%.

From past years'experience, railway investment generally shows a "low before and high after" trend, but this year the situation is different, the opening year is ushered in a "red door". According to statistics, in the first quarter of this year, railway investment completed 101.2 billion yuan, an increase of 10% over the same period last year, which laid a solid foundation for fulfilling the target task of railway investment of 800 billion yuan this year.

"At present, there is a shortfall of nearly 500 billion yuan from the investment target of 800 billion yuan this year, which means that the railway investment in the next few months will be"open high"and"go high". An expert from the Comprehensive Transport Research Institute of the National Development and Reform Commission told reporters.

At the beginning of this year, the working conference of China Railway System also made it clear that the national railway fixed assets investment should maintain its intensity and scale, fulfill the tasks and objectives issued by the state with high quality and efficiency, and ensure the commissioning of 6800 kilometers of new lines, of which 3200 kilometers are high-speed railways. Of course, this is directly related to the intensive approval of several high-speed rail projects by the National Development and Reform Commission in the early stage. Since November last year, the National Development and Reform Commission has approved a number of railway investment projects with a scale of several hundred billion yuan. Just last week, the National Development and Reform Commission (NDRC) announced the approval of the feasibility study report on the Puyang-Jinan section of the newly-built Zhengzhou-Jinan Railway and the approval of the feasibility study report on the newly-built Heze-Lankao Railway, with a total investment of more than 50 billion yuan.

The accelerated landing of railway investment has benefited China Railway, China Railway Construction and other related companies greatly. For example, in the second quarter, 166 new railway project contracts were signed by China Railway, and the amount of new contracts reached 49.1 billion yuan. The company disclosed that 340 new projects were signed in the first half of this year, with the contract value reaching 10.86 billion yuan, an increase of 13.4% over the previous year. < p > < p > Railway construction is booming, and railway transportation is also reporting good news. In June alone, the number of passengers sent by National Railways increased by 9.6% and the number of goods sent by National Railways increased by 8.7%. This has also stimulated the market demand for relevant locomotive equipment. Recently, China National Automobile disclosed that a number of contracts were signed from March to July this year, with a total amount of about 47.52 billion yuan.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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