Recently, China Railway Corporation disclosed its audit report in the first half of this year. According to the audit report, the transportation revenue in the first half of this year was 416.3 billion yuan, a year-on-year drop of 3%; the loss was 7.2 billion yuan, which was a drop from the -8.8 billion yuan in the same period of last year.
Among them, railway infrastructure investment reached 264.6 billion yuan, completing 43% of the annual investment target, which means that the railway infrastructure investment of 345.4 billion yuan will be completed in the second half of the year.
According to analysis, compared to last year, the railway construction was slightly slower this year and the pressure on investment tasks in the second half year increased. To complete the annual investment target, with the approval of some new projects in September this year, the railway infrastructure will set off an investment climax in the near future.
Specifically, in the first half of this year, the investment in railway infrastructure was completed at 264.6 billion yuan, a decrease of 5% from the value of 287.0 billion yuan in the same period of last year. The decline in investment was not due to funding reasons. China Railways Corporation recorded RMB 217.7 billion in currency funds in the first half of 2016, compared with RMB 186.3 billion in the same period last year.
The railway construction plan for 2016 is that the infrastructure investment plan will be 610 billion yuan, and the fixed assets investment will be 800 billion yuan. It plans to put into operation 3,200 kilometers of new lines (including 1,300 kilometers of production capacity), 3,800 kilometers of double-track lines, 5,300 kilometers of electrified railways, and new construction projects. 45.
“The funds for the railway construction project are basically implemented. At present, there are problems with the preliminary procedures of the project that affect the construction of the railway, causing delays in project start-up.†Wang Mengshu, an academician of the Chinese Academy of Engineering, stated that the railway construction investment is large, the upstream and downstream industry chain is long, and the regional economy is Development plays an important role in promoting and it can also effectively promote central capital, local support, corporate investment, and bank financing. Therefore, railway investment plays an important role in steady growth.
For the above reasons, at present, from the central to the local level, consensus has been formed on the acceleration of railway construction.
On July 5 this year, Hu Zucai, deputy director of the National Development and Reform Commission, stated at the consultation meeting for the preliminary work of the railway construction project that the overall construction of the railway and the preliminary work of the project were progressing smoothly in the first half of this year. This year's railway construction still needs to maintain an investment scale of more than 800 billion yuan. The two leaders work hard to further promote the urgency and sense of responsibility in accelerating the preparatory work and ensure that all 45 new project feasibility studies are approved before the end of September this year.
Industry analysts believe that the upsurge in railway infrastructure investment will directly increase the demand for special vehicles and trucks related to infrastructure construction. After the completion of the new railway, the new train operation chart will not only increase passenger traffic, but also increase the number of passenger vehicles. The improvement of freight capacity will also benefit the road freight logistics vehicle market.
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