Technavio Publishes Railway Market Reports for China

23 July 2015 Thursday, 21:12

Technavio, a tech-focused research firm published a new report on the railway infrastructure spending in China, which is expected to grow at a CAGR of almost 27% from 2015-2019.

According to the new Technavio report, the increase in government initiatives toward developing infrastructure and boosting investment opportunities in the railway infrastructure will trigger market growth. In October 2014, the government launched the Asian infrastructure investment bank to promote investments in infrastructure development in China and other Asian countries.

“The government is burdened by high debts in the infrastructure sector, hence, it is encouraging private investment in energy and transport infrastructure through the BOT model,” says Faisal Ghaus, Vice President of Technavio.

The report also highlights that to attract private investment in railway infrastructure, the government liberalized rail freight prices, stimulating the growth of railway spending and the demand for rail transportation in the country. In April 2014, the national development and reform commission approved liberalization of freight railway fees based on the market demand, which was earlier controlled solely by the government.

“Additionally, in December 2014, the government deregulated the price control on rail cargo, railway parcel shipping, and passenger fares,” adds Ghaus.

More information click here

About railwaynews

Railwaynews.net 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.

Make a Comment...

Your email address will not be published. Required fields are marked *

Wordpress Haber Teması Tasarım ve Programlama: Seçkin Talanöz