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300 billion yuan of railway construction bonds will be issued soon
Seetao 2022-06-02 10:06
  • The agency predicts that railway fixed asset investment may recover to the level of 800 billion yuan
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On June 2, 2022, seedao.com learned that recently, the State Council issued the "Package of Policy Measures for Solidly Stabilizing the Economy", proposing 33 measures from six aspects, covering finance, monetary finance, stabilizing investment and promoting consumption, and protecting food. Energy security, ensuring the stability of the industrial chain and supply chain, and ensuring the basic livelihood of the people.

In terms of stabilizing investment and promoting consumption, the "Measures" propose to accelerate investment in transportation infrastructure and support China State Railway Group Co., Ltd. to issue 300 billion yuan of railway construction bonds.

At a press conference held on May 31, Zhao Chongjiu, vice minister of the Ministry of Transport, said that the recently issued "Work Plan for Solidly Promoting the Implementation of Major Transportation Projects under the 14th Five-Year Plan" proposed 11 major transportation engineering packages. , including the highway connection project, the highway channel project along the border and coastal areas, the "Four Good Rural Roads", the canal connection project, the coastal port upgrading project, the modern comprehensive transportation hub project, etc. At the same time, 16 projects with large investment scale, great social influence and great technical difficulty are proposed as the first batch of key projects to accelerate the construction of a strong transportation country during the "14th Five-Year Plan", and they will be promoted as a priority.

Zhao Chongjiu said that the Ministry of Transport is studying and formulating an implementation plan to expand investment in rural roads, stabilize employment and better serve rural revitalization. It is planned to add 30,000 kilometers of newly renovated rural roads and implement rural road safety on the basis of the original goal of 2022. 30,000 kilometers of life protection projects and 3,000 dangerous bridges on rural roads were reconstructed. It is estimated that by the end of 2022, a total of 150,000 kilometers of newly renovated rural roads will be completed, 80,000 kilometers of rural road safety and life protection projects will be implemented, and 8,000 dangerous bridges on rural roads will be reconstructed.

Data from the National Railway Administration shows that in 2021, the national railway fixed asset investment has completed 748.9 billion yuan, and 4,208 kilometers of new lines have been put into operation, including 2,168 kilometers of high-speed railways. The annual railway construction task has been fully completed. By the end of 2021, China's railway operating mileage will reach 150,000 kilometers, of which high-speed railways will reach 40,000 kilometers.

CITIC Construction Investment Securities stated that 2022 is an important year for implementing the "14th Five-Year Plan" and accelerating the construction of a strong transportation country, and railway fixed asset investment is likely to return to the level of 800 billion yuan.

It is reported that benefiting from the recent improvement in the domestic epidemic situation, the number of medium and high-risk areas in China has decreased significantly. According to the official account of China Railway Corporation, in order to fully implement the central government's deployment requirements to stabilize the economy and further meet the travel needs of passengers, according to the latest situation of the new crown pneumonia epidemic prevention and control, the railway department has decided to reserve railway tickets from June 1, 2022. The sale period is adjusted to 15 days (including the day). Previously, the pre-sale period for railway tickets was 5 days.

Industrial Securities said that infrastructure construction, as an important tool for economic counter-cyclical adjustment, has a huge multiplier effect. Under the circumstances of economic pressure, increase infrastructure investment. On the one hand, infrastructure construction involves a wide range of industrial chains, which can promote relevant The development of the industrial chain promotes stable economic growth; on the other hand, infrastructure construction can effectively stimulate investment, expand domestic demand, and ensure the healthy operation of the capital market. Editor / Xu Shengpeng


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