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China will invest 200 billion yuan in five years for subway construction by na b





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China will invest 200 billion yuan in five years for subway construction by
Article Posted: 12/05/2010
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China will invest 200 billion yuan in five years for subway construction


 
Business,Business News,Business Opportunities
Relevant departments of China's State Development Planning Commission, according to the information provided, "15" plan, urban transport investment in China will reach 800 billion yuan, of which at least 200 billion yuan will be used for subway construction. The subway and light rail from the Chinese Ministry of Construction Research Center, noted that the next five years, China will have a major urban rail transit development, will build a total length of 450 km around the city rail lines. Experts said the subway construction will be a long time, become one of the key infrastructure investments.
It is learned that China's population of 34 million-cities, there are 20 large cities and big cities are building and build their own rail. Among them, Beijing, Shanghai and Guangzhou in the continued construction of the MTR. Beijing existing subway line, ring and complex eight line, total length of 54 km, have all been through operations. Beijing Subway Line project was started in July this year, length of 27.7 km. Beijing subway network planning for the future will reach 408 km length. Shanghai now has three subway lines into operation, "15" during the construction, including suspension, light rail, subway lines, including 10 rail length of over 200 km; according to a new round of urban planning, Shanghai will build 11 subway line, total length of 384 km. Guangzhou length 18.48 km of subway line has opened in June 1999, the current full 23 km of Metro Line project is being actively pursued, six stations have been built and is expected to the end of the opening 00; third line has been approved by the State Council, is expected to be completed in 2005; on the 4th line and the 5th line is also planned, for the 2010 full nearly 130 km of the five lines constitute the Guangzhou rail transport network.
In addition, Shenzhen, Nanjing has started construction of the MTR. Xi'an, Shenyang, Chengdu, Dalian, Qingdao, Harbin, Zhengzhou, Tianjin, Changchun, Chongqing, Wuhan and other cities have proposed subway and light rail. From long-term planning perspective, the Chinese investment in the city in the metro construction has just begun.
Experts pointed out that China's major cities in the process of development, traffic congestion, traffic problems, traffic? Air pollution has become an epidemic. Finding solutions to urban traffic congestion in medicine, people invariably look set to be recognized as a Georgia address effective means of transport above the subway. However, the subway construction faces many constraints, the biggest problem is funding. Billions of investment at every turn of a subway, a few hundred billion, Beijing, Shanghai and Guangzhou in recent years, the average cost of construction of the MTR has been integrated up from 600 million to 800 million yuan per kilometer. Nineties in the twentieth century ago, the Chinese state finance subway construction is basically only one way, once the circumstances change, subway construction on the trouble. Although China has 30 year history of the MTR, but the total length of subway traffic was still only 145 km. Metro and Light Rail Construction Director of the Centre Qin Guodong that insufficient funds will limit the development of China's major subway construction "bottleneck." Another problem is that China is a convenient subway project has been the "people work" and therefore can not be too high fare. As the corresponding rise in the cost of the construction and operation, plus the fare cost accounting system can not operate according to the MTR can not provide investors with investment returns.
It is reported that in recent years, some cities began to break China's investment and operating a single monopoly, to accelerate the process of subway construction market. Such as the Beijing Subway Line selection as a breakthrough, public investment, liberalization of property rights, the same time, the way the government subsidies to ensure investors get returns. It is understood that Beijing Subway Line Operation System, also made a major breakthrough: the MTR Corporation, "one divides into two," that is "Metro Management Company" to meet the capital financing, management and use, after the metro construction is to "Metro operating company "business. In addition, in order to track traffic to create a better business environment for investment operation, the Shanghai subway in July this year by the "shell" market, creating a precedent for domestic rail transport market; and wholly owned by Guangzhou Municipal Government of Guangzhou Metro Corporation, according to said the plan also listed, but still in research stage.
Industry generally believe that joining the WTO, China's open market, subway construction will surely be drastically increased, help to mobilize and use, including social capital, including foreign funds, contribute to the implementation of market-oriented operating system further accelerate the pace of development of metro construction.

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