The hottest railway construction will liberalize c

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Railway construction will liberalize coal transportation pricing to private capital or introduce a competitive mechanism. Li Chaolin, a coal expert, said in an interview that liberalizing railway construction to social capital and introducing social capital to build railways will be conducive to the introduction of competitive mechanism in railway transportation pricing and the realization of market-oriented pricing. In the current sluggish environment of the coal market, some railway bureaus have seen an increase in freight capacity but a decrease in freight volume and idle capacity

recently, the national development and Reform Commission issued the measures for the administration of railway development funds. According to the measures, the duration of the railway development fund is 15-20 years. China Railway Corporation is the initiator of the fund and the representative of government investment. At the same time, it actively attracts social investors and jointly initiates the establishment of China Railway Development Fund Co., Ltd. Social investors, as preferred shareholders, do not directly participate in the operation and management of Railway Development Fund

according to the above provisions, no less than 70% of the fund will be used as the capital of national railway projects, and the rest will be invested in operational projects such as comprehensive land development. It is estimated that the annual raising scale of railway construction funds in 2014 and 2015 is expected to reach 200 billion to 300 billion yuan. Under the leverage of funds, the railway fixed asset investment it leverages is expected to reach 400 billion to 600 billion yuan per year

in fact, in this year's government work report, we will have the latest products in every market field to meet the market demand. Some domestic manufacturers can export 5 (6) items, and clearly put forward to implement the reform of railway investment and financing system, open up competitive businesses in more fields, and provide a stage for private capital to show their talents. Sheng Guangzu, general manager of China Railway Corporation, also expressed his expectation for private capital to join railway construction in public, saying that he very much hoped that a large number of private capital and social capital would enter the field of railway construction

Mr. Tang, a private equity fund manager in Beijing, said that from the perspective of the duration of the fund, if the income level is appropriate, the social investors that can be attracted may include some institutional capital and the capital of state-owned enterprises seeking long-term stable income, but individual investors are basically excluded; The advantage of introducing social capital to establish a fund management company to manage the railway development fund is that it will be conducive to the transparency and standardization of railway infrastructure construction investment, so as to reduce the possible corruption costs in the process of investment and construction

the market-oriented reform of railway freight rates will be accelerated.

Li Chaolin, a coal expert, said in an interview that the liberalization of railway construction to social capital and the introduction of social capital to the construction of Railways will be conducive to the introduction of competition mechanism in railway transportation pricing and the realization of market-oriented pricing

judging from a series of measures taken by the national development and Reform Commission, the pace of market-oriented reform of railway freight rates is accelerating. In February, the national development and Reform Commission changed the railway freight rate from the government fixed price to the government guided price. In April, the national development and Reform Commission issued the notice on issues related to the freight of Baoshen huaichi Railway (hereinafter referred to as the notice), which made it clear that after the new zhunchi railway was put into operation, the freight rate would be adjusted by the market, which was the first attempt to liberalize the railway transportation price in China

the notice said that since April 1, 2014, the benchmark freight rate has been adjusted from the current 0.15 yuan per ton per kilometer to 0.20 yuan. Railway transportation enterprises can independently determine the specific freight level according to the market supply and demand within the range of no more than 10% upward and no limit downward. At the same time, it is also determined that the freight rate of huaichi railway will be adjusted by the market, and the specific freight rate level will be determined by the railway transportation enterprises and investors through consultation

at present, the transportation cost accounts for more than half of the domestic coal terminal consumption price, and the coal pithead price in Mengxi, Gansu, Xinjiang and other places with relatively long transportation distance accounts for less than one third of the terminal price, and the high domestic railway freight is the main reason. Li Chaolin believes that the reason why the domestic railway freight is much higher than that of the United States, Japan, Russia and other countries is mainly because of the industrial monopoly, which leads to the lack of transparency in pricing; The introduction of competition mechanism is certainly conducive to the formation of market-oriented price mechanism and the current situation of high coal freight

in fact, there are many railway coal transportation lines invested and constructed by powerful coal enterprises and power enterprises, which have indeed brought many convenience and benefits to the enterprises involved in coal transportation. Taking Yitai group, the largest private coal enterprise in Inner Mongolia, as an example, the company has participated in more than 1000 kilometers of railways, including the new Baoshen railway, zhunshuo railway, Zhangjiakou Jining double track, Inner Mongolia Hebei railway, and the railway in the south of Ordos

the 2013 annual report of Yitai B, a listed company of Yitai group, shows that although the 1064 nm wavelength of the coal industry was harmful to human skin and eyes in 2013, the net profit of Yitai group in 2013 was still as high as 3.445 billion yuan, of which the profit contribution of railway transportation was very prominent, of which huaidong railway achieved an operating revenue of 1.384 billion yuan, an increase of 37.22% over the same period of last year, and a net profit of 622 million yuan, An increase of 88.67% over the same period last year. Even xinbaoshen railway, with a 15% stake, contributed 7.32 million yuan to Yitai group

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