China’s 800 billion railway investment projects have encountered “roadblocks”

Abstract In July and August, the railway construction season began to come, but there are not many new projects recently started. In an interview with the reporter of the Economic Information Daily, relevant authoritative experts said that there are only 17 feasibility study reports approved by the 64 new construction projects of the railway.
In July and August, the railway construction season began to come, but there are not many new projects recently started. In an interview with the reporter of the Economic Information Daily, the relevant authoritative experts said that there are only 17 feasibility studies for the 64 new construction projects of the railway. At present, the railway has completed less than 300 billion yuan of investment, and completed the investment of 800 billion yuan for the whole year. There is still a big gap in the goal.

"One is whether the funds can be implemented on the project; the second is whether the procedures for the newly started projects can be completed as soon as possible. Now there are probably less than 20 approved feasibility studies for 64 new projects. Many projects have even approved the land pre-audit and environmental impact assessment. Wang Mingshu, an academician of the Chinese Academy of Engineering, told the "Economic Information Daily" reporter that although the enthusiasm for railway construction from the central to the local, railway and internal and external circles is very high, there are many approval procedures for the construction of railway projects, from project approval and land. Pre-audit, EIA, feasibility study, and approval of the start-up report, involving multiple departments, with a long cycle, may be the biggest obstacle to achieving the 800 billion target.

Experts in an interview said that railway investment can drive the development of many related industries, and can promote employment and resolve excess capacity. It is the starting point for steady growth and is considered by the central authorities to be an important measure for targeted regulation. Since the beginning of this year, the National Development and Reform Commission has led the Ministry of Finance, the Ministry of Housing and Urban-Rural Development, the Ministry of Land and Resources, the Ministry of Environmental Protection, the People's Bank of China, the China Banking Regulatory Commission, the State Railway Administration, and the Railway Corporation to establish a preliminary consultation meeting on railway investment and financing reform and construction projects. The system will schedule the progress of the work once a month, and regularly hold a meeting of liaison officers and coordination meetings for key and difficult issues to promote railway investment and construction.

According to the reporter's understanding, since the beginning of this year, the scale of railway fixed assets investment has been raised four times in a row, from 630 billion yuan at the beginning of the year to 800 billion yuan, and the number of newly started projects has increased from 48 to 64. For other new arguments, the conditions are in condition. When you are mature, you can start work during the year.

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