Academicians Say The Ministry Of Railways Owes About 60000000000 Of Its Debt To Several Infrastructure Projects.

On the 27 day, the Chinese government website issued some opinions on further strengthening railway construction management. joint venture The preparatory group of the company and the small and medium-sized joint venture projects may be commissioned by the joint venture company to organize the construction of the Railway Bureau or organize their own construction. Insiders said that the Ministry of Railways was forced by debt pressure to open the road of reform.

Wang Mengshu, academician of the Chinese Academy of engineering, told the economic reference daily that at present, the Ministry of Railways has built up about 60000000000 yuan for China Railway and China Railway, and many railway infrastructure projects have been suspended due to funding problems. In addition, although the joint venture was proposed to form a joint venture, the joint venture company was not open to foreign investment.

The debt ratio of the Ministry of Railways has reached 58%. As the main banks raise their lending rates to the Ministry of railways, the Ministry of Railways has also made loans from banks difficult. The high debt and financing difficulties of the Ministry of railways are becoming the bottleneck restricting the development of China's railways. Many railway infrastructure project managers also told reporters that since the beginning of this year, investment in railway infrastructure has slowed down. capital In the absence of the right place, there has been varying degrees of downtime, half stoppage and slow progress. Wages of some workers have not been paid on time.

As of August this year, the national railway infrastructure completed 316 billion 400 million yuan, which obviously has a big gap with the target of 600 billion yuan in railway infrastructure construction.

The increasing pressure of debt will accelerate the reform of the railway system. But Wang Mengshu thinks that the introduction of the opinion is of limited significance to ease the difficult situation of railway capital construction. He said that the capital demand for railway infrastructure is large, and the money is tight now. financing Difficult situations can hardly be changed in the short term.