Abstract The end of the year is near, and it is time for the railway department to make an assault on investment. According to the statistics released by the Ministry of Transport, from the beginning of 2014 to the end of October, railway fixed assets investment (including capital construction, renovation and purchase of locomotives) completed 537.4 billion yuan, which is from the railway...
The end of the year is near, and it is time for the railway department to rush to invest. According to statistics released by the Ministry of Transport, from the beginning of 2014 to the end of October, railway fixed assets investment (including capital construction, renovation and purchase of locomotives) completed 537.4 billion yuan, which is a year-on-year investment of 800 billion yuan from the railway department. The amount is still 262.6 billion yuan, that is to say, in November and December, railway investment will maintain an average of more than 130 billion yuan per month, which is much higher than the monthly average of more than 60 billion yuan of investment. Midwestern investment focus
On November 25th, the National Development and Reform Commission approved four railway projects. The project name and investment amount are: Changchun-Baicheng Railway Capacity Expansion Project, with a total investment of 19.64 billion yuan; the second line of the Fuling-Meijiang Section of Yuhuai Railway The total investment of the project is 19.11 billion yuan; the second line project of Yangpingguan to Ankang Railway is added. The total investment of the project is 18.77 billion yuan; the project from Zhenghaiqi to Zhangjiakou Railway from Heichengzi to Zhangjiakou is estimated to be 8.72 billion yuan. The cumulative investment of the above projects was 66.24 billion yuan.
According to the statistics of 21st Century Business Herald, since the beginning of 2014, the total investment of railway projects approved by the National Development and Reform Commission has reached 1,116.539 billion yuan, and the majority of the approvals have been concentrated in October and November.
The growth rate of railway investment is only a microcosm of the violent rush of the entire transportation investment. According to the statistics report of the Ministry of Communications, from January to October, the fixed assets investment in railway and highway waterways was 190.5 billion yuan, a year-on-year increase of 15.6%, and the growth rate was 0.7 times faster than that in January-September. percentage point.
From the perspective of the region, the central and western regions are still the focus of transportation investment. According to the above report, in the fixed assets investment of highways and waterways, the eastern, central and western regions respectively completed investment of 461.9 billion yuan, 312.5 billion yuan and 593.9 billion yuan, respectively. 8.9%, 3.8% and 20.3%, the investment and growth rate in the western region continued to rank first.
Zhao Jian, a professor at the School of Economics and Management of Beijing Jiaotong University, believes that infrastructure investment in the central and western regions has grown rapidly. On the one hand, the transportation infrastructure in the eastern region has been basically improved, and the overall integrated transportation network has been established. The central and western regions are short-term in this respect. On the other hand, since the second half of this year, the overall macroeconomic situation is still not optimistic. The government has launched a series of stimulus policies to promote investment. Apart from the interest rate cut by the central bank [microblogging] some time ago, it has been continuously launched. Investment in infrastructure, including the construction of water conservancy facilities in the central and western regions, railway construction, and the construction of affordable housing, and railways, especially in infrastructure investment.
Facing financial pressure
The lack of optimism in the macroeconomic situation can be seen in the data on traffic volume.
According to the statistics released by the Ministry of Transport, in October, the whole society completed 3.88 billion tons of cargo, up 4.8% year-on-year, and the growth rate dropped 4.2 percentage points from the previous month. Among them, the volume of railway goods sent decreased by 6.6%, which was lower than that of the previous month. An increase of 1.1 percentage points, although the volume of road and waterway freight continued to grow, but the growth rate also slowed down by 5.2 and 0.2 percentage points respectively. From January to October, the total freight volume of the whole society was 35.39 billion tons, an increase of 7.3%, of which railway cargo delivery volume decreased by 2.9%, and road and waterway cargo volume increased by 8.8% and 6.7% respectively.
“The railway freight volume has the largest decline and the situation is the most severe.†Hu Siji, a professor at the School of Transportation of Beijing Jiaotong University, said that this is most related to the railway and the macroeconomic situation, because the railways transport the most raw materials such as grain, minerals and coal. As the growth rate slows down, the demand for these industrial raw materials will decrease, and the railway transportation volume will naturally be low.
Just a week ago, the China Railway Corporation (hereinafter referred to as the Iron General) had just held a video conference on the whole road to deploy the work at the end of 2014. At the meeting, General Manager Guang Guangzu also admitted that he was under the macro economy. Due to factors such as the situation and market changes, there are still some difficulties in achieving the annual business objectives. Sheng Guangzu stressed that he should do everything possible to increase his income and make up the debt. The proposed measures include increasing express delivery business, actively developing railway stations, and properties along the route.
However, although the railway sector has been eager to attract customers and increase customers, the actual results are still not satisfactory. In the third quarter of 2014, the total financial report of the company showed that as of the current period, the total liabilities of the iron were 353.1 billion yuan, and the debt ratio was 64.79%, the after-tax loss was 3.442 billion yuan.
On the one hand, the operating pressure is huge, the losses are serious, and the debts are heavy. On the other hand, the iron is still responsible for the construction of a large number of railways, especially the central and western railways.
In addition to the four railway projects newly approved by the National Development and Reform Commission on November 25, in addition to the Zhenglanqi-Zhangjiakou Railway, the Heichengzi-Zhangjiakou section attracted Zhangjiakou Tongtai Holding Group Co., Ltd., Jizhong Energy Co., Ltd., and Jizhong Energy Peak. In addition to social capital such as Group Co., Ltd., China Railway 21st Bureau Group Co., Ltd. and China Railway 20th Bureau Group Co., Ltd., the rest of the railway projects need to be deducted from the local government by the local government. Always come to bear.
Street Light, Mains Street Light, Solar Street Light, LED Street Light, Pedestrian Light
Jiangsu chuanglv Transportation Facilities Co., Ltd , https://www.clsolarlights.com