China Opens Railway Sector to Private Capitals

China Opens Railway Sector to Private Capitals
August 2, 2015 1:54 pm

China has issued a guideline to attract more private investment into the country’s railway sector. 

The National Development and Reform Commission issued the guideline on Thursday. The statement says China will fully open up its railway industry, encouraging private investors to bid for railway contracts and project management through diversified investment channels.

The government wants to see more private investments in the construction and operation of inter-city and intra-city lines, as well as railways for mining projects.

China Railway Corporation is responsible for building and operating the country’s railway network. In the first half of this year, it completed 265 billion yuan of fixed-asset investment, or just one-third of its full-year planned investment.

Source : CNTV.Cn is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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