The NDRC newly approved three railway projects with nearly 100 billion investment kicked off

The National Development and Reform Commission approved three new railway construction projects or expansion projects yesterday. The total investment estimate is 95.78 billion yuan. The centralized approval of the railway project is already a clear signal – increasing investment and steady growth. Among them, Liaoning Jinzhou Port to Inner Mongolia
The National Development and Reform Commission approved three new railway construction or expansion projects yesterday, with an estimated total investment of 95.78 billion yuan. The centralized approval of the railway project is already a clear signal – increasing investment and steady growth.

Among them, the total investment estimate of Liaoning Jinzhou Port to Inner Mongolia Baiyinhua Railway Expansion Project is 25.638 billion yuan; the total investment estimate of Yuxi to Mohan Railway Project is 44.51 billion yuan; and the total investment of Dali to Ruili Railway Project is 25.73 billion yuan.

According to the reporter, in less than a month, there are three other railway projects with investment of more than 10 billion respectively, which have been approved by the National Development and Reform Commission, including the Lancang-Zhangjiajie-Changde Railway, the new Liuzhou-Yuzhou Railway and Zhengzhou to Wanzhou Railway. Among them, Zhengwan Railway plans to invest 97.43 billion yuan, and the actual investment may exceed 100 billion. Moreover, the railway, which was originally planned to start next year, is reported to have started construction in Henan Province at the end of this year, and its progress in speeding up construction is obvious.

Railway project centralized approval

The reporter sorted out three projects that have just been approved today, and estimated that the investment is above 25 billion. Among them, the total investment of a single project from Yuxi to Mohan Railway Line is above 40 billion. The Zhengwan Railway, which was approved earlier, plans to invest 97.43 billion yuan, and the actual investment may exceed 100 billion. In addition, the reporter noted that the three railways approved by the National Development and Reform Commission yesterday clearly stated the source of funds for each project, which is also conducive to the later fundraising.

For example, the total investment estimate of the Yuxi-Muyu railway line project is 44.51 billion yuan (including project investment of 43.14 billion yuan and locomotive vehicle purchase cost of 1.37 billion yuan). The project is jointly funded by China Railway Corporation and Yunnan Province, and is developed in Asia. The bank loan was 350 million U.S. dollars, and the China Railway Corporation repaid the interest. The specific capital ratio and fund raising plan are determined at the feasibility study stage.

In addition, the estimated total investment of Liaoning Jinzhou Port to Inner Mongolia Baiyinhua Railway Expansion Project is 25.638 billion yuan (including project investment of 23.225 billion yuan and locomotive vehicle purchase cost of 2.413 billion yuan). According to the NDRC's documents, the project's capital accounted for 35% of the total investment, which was self-financed by Inner Mongolia Zhongdian Logistics Road Port Co., Ltd.; the rest used the loans of Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, and China Construction Bank.

The National Development and Reform Commission also agreed to adjust the local line construction plan such as the Gaoligongshan Yueling section, including the Gaoligongshan Tunnel and the Nujiang Bridge. After adjustment, the main line of Dali to Ruili Railway is 330 kilometers. The total investment of the project is 25.73 billion yuan (including project investment of 25.4 billion yuan and locomotive vehicle purchase fee of 330 million yuan).

Increase the scale of effective investment

At present and for some time to come, the key to stabilizing economic growth is to stabilize investment, and the NDRC and other departments will further increase the intensity of effective investment.

On Tuesday, the relevant person in charge of the National Development and Reform Commission said at the press conference that the National Development and Reform Commission is increasing effective investment in response to the decline in investment, and will launch some major projects one after another.

"The railway construction will be accelerated, and the construction targets in 2014 can be fully completed." In early September, the relevant person in charge of the China Railway Corporation stated to the reporters that the goal of investing 800 billion yuan in railway fixed assets this year can be completed. Moreover, the goal of launching 7,000 kilometers of new railway lines and 64 new projects will be completed this year.

It is worth mentioning that Zhang Minglun, deputy director of the Investment Department of the National Development and Reform Commission, told reporters not long ago that according to the situation in the first two quarters, the downward pressure on investment growth is relatively large, and the NDRC will promote the effective investment scale of the whole society.

“In the troika that drives the economy, investment is one of them. Major water conservancy projects and some other major projects are aimed at increasing the scale of effective investment in society as a whole. Water and agriculture are just one aspect, and others. Some major industrial projects will be launched one after another." Zhang Minglun said that in addition to government investment, it will also attract social capital to invest in these major projects. While stabilizing investment growth, it will exert more powerful adjustments and shortcomings. The positive role of Huiminsheng and increasing stamina.

The reporter noted that the Ministry of Housing and Urban-Rural Development also announced the construction of the national affordable housing this week. As of the end of September this year, the national urban security housing project has started 7.2 million sets, basically 4.7 million sets, reaching 103% of the annual target tasks. 98%, completed an investment of 1,070 billion yuan. Moreover, at the first meeting of the Inter-Ministerial Joint Conference on Promoting New Urbanization, Chen Dawei, Deputy Minister of the Ministry of Housing and Urban-Rural Development, said that the scale of shantytown renovation in 2015 was not less than 4.7 million this year, and the sheds in the forest and reclamation areas were changed. Strive to basically complete.

From the beginning of the fourth quarter, the investment in the construction of affordable housing in the country has almost completed its task. This shows from another aspect that the central government has a steady growth and structural adjustment intention, and it is expected that there will be more major projects next.

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