www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Financing may delay fast rail project

By Zhu Zhe (China Daily)
Updated: 2007-01-13 09:15

Financing may be an obstacle for the already delayed high-speed rail service connecting Beijing and Shanghai, but the Ministry of Railways claims construction is about to begin.

The high-profile rail project has an official price tag of 170 billion yuan ($21.8 billion), but could exceed 200 billion yuan ($25.6 billion) according to experts. Construction of the project will begin within the year and is expected to be mostly complete by 2010, said Minister of Railways Liu Zhijun on Wednesday.

But insiders said investment may fall short of the sky-high budget, which is almost the same as expenditure on the Three Gorges Project, and could again see the railway fall behind schedule. The ministry said last April it would begin laying the track by the end of last year, the Beijing Business Today reported.

Wang Ming, deputy director of the National Development and Reform Commission's transport institute, said existing financing channels for the project, such as government investment, bank loans and bond issues, would not be enough.

"Breakthroughs are needed in the financing mechanism," Wang was quoted as saying, without giving details.

The 1,320-kilometer railway, which will reduce the existing 14 hours' travel time from Beijing to Shanghai to five, had an initial price tag of 130 billion yuan ($16.6 billion), but this later increased to a maximum of 200 billion yuan.

The State Council is yet to approve the project, suggesting the ambitious plan is stalled for budgetary reasons, the report said.

But the higher expenditure could also mean the project may need approval from the National People's Congress (NPC), the country's parliament that signs off on national budgets, according to another report by the China Business Times.

The Three Gorges Project budget also exceeded 200 billion yuan and approval was sought from the NPC.

With an increased budget of 200 billion, the cost per kilometer of railway will increase to about 150 million yuan ($19.2 million), still far less than for similar lines in other countries.

South Korea finished an express railway in 2004 at a cost of 300 million yuan ($38.5 million) per kilometer. In Germany, France, Italy and Spain, the cost for similar railways was up to 500 million yuan ($64 millon) per kilometer.

The ministry, which seems to be aware of the funds shortage, made it clear last year the project could include financing from both private and foreign investors.

Wang Zhiguo, vice-minister of railways, also said last month that the State Council had "in principle" approved the proposal that insurance companies be invited to finance the project. Negotiations between the ministry and insurance companies are in progress.

It was reported in November that the national social security fund is likely to invest in the railway as well.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 国产欧美日韩精品高清二区综合区 | 国产欧美精品一区二区三区四区 | 国产精品久久久久久久久 | 国产在线综合视频 | 欧美三级不卡视频 | 免费看一级视频 | 亚洲精品日韩在线一区 | 国产一级片免费观看 | 欧美高清另类自拍视频在线看 | 在线免费一级片 | 狠狠综合久久久综合 | 妖精www成人动漫在线观看 | 99久久免费午夜国产精品 | 日本不卡不码高清免费观看 | 国产一级毛片外aaaa | 久草在线最新 | 高清性色生活片久久久 | 91青草久久久久久清纯 | 亚久久伊人精品青青草原2020 | 国产精品视_精品国产免费 国产精品视频久 | 日韩欧美特级毛片 | 国产成人高清亚洲一区久久 | 日本高清福利视频在线观看 | 精品一区二区三区亚洲 | 久久久久久久国产 | 国产日韩一区二区三区 | 日本在线看小视频网址 | 在线观看日韩www视频免费 | 欧美 日韩 国产 成人 在线观看 | 国产高清久久 | 亚洲成年人在线观看 | 午夜91理论片 | 亚洲九九夜夜 | 美女张开腿给人网站 | 手机在线毛片免费播放 | 色综合久久久久久888 | 日本久久香蕉一本一道 | 午夜精品视频在线观看美女 | 日本成人免费在线视频 | 韩国毛片 免费 | 久久久久久免费视频 |