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Railway Investment and Financing Reform essay Development and Reform Commission

Railway Construction Fund to seek expansion
 
August 8, the newspaper from a close to the informed experts at the Ministry of Railways was informed that the Ministry of Finance has recently together with relevant departments to proceed to amend the Railway Construction Fund to the imposition of a management approach, trying to achieve the "expansion" of the railway construction fund, which is the the scope of the collection of the Fund from the expansion of the original national railway to the joint venture railways, and other non-power wire on the road.
 
The experts say, Fund expansion understandable, "levy of the Three Gorges Project Three Gorges Fund, airport construction levy fee built, the railway system can of course reference to modify the execution." However, he admitted that a number of joint railway itself, loans accounted for a large proportion of principal to pay pressure on interest rates is not reasonable to levy funds from them. If you want to sign, can be considered an appropriate increase in freight rates as compensation; own lines, such as Shenhua Group Shuohuang line, can be levied.
 
"Can not engage across the board, should distinguish between the different properties and operating conditions, should in principle be non-profitable state-owned railway can be levied."
 
But it seems in the SEM of Northern Jiaotong University, Professor Zhao Jian, this contrary to the spirit of contract, collection of the Fund's practice to the non-state-owned railway line after the railways had the enterprise and external funding, the Ministry of Railways has not agreed to in the future will be levied funds, so a engage in, I am afraid that social capital is more reluctant to enter the field of railway investment. "said Zhao Jian.



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