The hottest infrastructure funding gap is difficul

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It is difficult to fill the capital gap of infrastructure construction. The number of railway projects planned to start this year may be reduced to 62

for the Ministry of railways, after the troubled autumn of 2011, I am afraid that this year's reduction is not only railway investment, but also Railway construction projects may be significantly reduced

sources told Dow Jones newswires this week that China's Ministry of Railways plans to start only 9 new projects in 2012, significantly lower than the number of 70 in 2011. People close to the Ministry of Railways told the daily economy that 62 railway lines are planned to be started this year, including more than a dozen uncompleted projects

according to relevant reports of the people, the capital demand of railway construction projects reported by various regions in 2012 was about 2400billion yuan, while the national construction fund could only be allocated 500billion yuan, and only 400billion yuan could be used for railway infrastructure construction

some analysts believe that the work done in the front cannot be paid, and the wages paid in the back are not in place, which makes the current form of railway project construction still grim

Although the electric heating plastic granulator has been widely implemented throughout the country, p>400 billion capital is difficult to fill the appetite for infrastructure construction

this year, 62 railway lines are planned to start construction, including new projects and railway resumption projects that were previously suspended. However, the final status of construction depends on the capital situation. Yesterday (February 15), a person close to the Ministry of Railways revealed to the daily economy

previously, an unnamed source told Dow Jones newswires that the state plans to arrange 249 large and medium-sized railway projects this year, with a total investment of 389billion yuan. Among them, 63 projects have been completed and put into operation, 177 projects have been continued, and only 9 new projects have been started

Yu Ding, CEO of China Railway, said that the above data were similar. He told that although new projects are being started, the proportion is still very small. At present, there are more than ten railway uncompleted projects, and a lot of funds are needed to resume construction

a famous person from China Railway Engineering Corporation said that compared with the second half of last year, the current construction situation of various lines has warmed up, but the construction rate of some projects located in the west, such as Guiyang Guangzhou railway, is still relatively low

some analysts said that the number of new projects planned to start this year fell to single digits, reflecting the current cautious attitude of the Ministry of railways. At the same time, railway investment across the country is facing austerity. At the beginning of 2011, the Ministry of Railways announced the annual capital construction investment plan of 700billion yuan, and planned to arrange up to 70 new projects

in December last year, Sheng Guangzu, Secretary of the party leading group and Minister of the Ministry of railways, pointed out at the national railway work conference that in 2012, it was planned to arrange an investment of 500billion yuan in railway fixed assets, including 400billion yuan in capital construction, and 6366 kilometers of new lines were put into operation

in fact, after the July 23rd bullet train accident, officials have decided to slow down the pace of railway construction through vicious competition. In 2011, only 469billion yuan of investment in railway infrastructure was finally realized Table 1:

a source recently revealed that the Ministry of Railways plans to invest 406billion yuan in capital construction this year. According to relevant people's news, the capital demand of railway construction projects reported by various regions in 2012 was about 2400billion yuan. In this regard, Yu Ding believes that since the Ministry of Railways has determined a total investment of 500billion yuan and infrastructure investment of 400billion yuan, the specific amount should not change much, and the financial situation should be maintained

the state is considering introducing private capital

2012 is a peak year for the repayment and interest payment of the Ministry of railways. Although the scope of railway downtime last year was relatively large, the infrastructure investment of 400billion yuan should be guaranteed. Yu Ding said that due to the shutdown of the railway last year, relevant industries have been in a semi paralyzed state

previously, media reports said that the Ministry of Railways' 500billion fixed asset investment this year had been implemented, but many interviewees said that the news was unreliable

wangmengshu, deputy chief engineer of China Railway Tunnel Group, told the daily economy that the resumption of some projects was mainly due to the 200billion yuan of funds raised by the Ministry of Railways in the second half of last year. As for the new financing plan this year, as far as he knows, there is no place at present

analysts believe that the so-called implementation may refer to the credit agreement signed between the bank and the Ministry of railways, or the Ministry of Railways has reached the policy, but there are many variables in this Agreement and promise, and changes in the macroeconomic situation may also affect the national investment policy on railways

Premier Wen Jiabao also pointed out when listening to the opinions and suggestions of people from all walks of life on the government work report (Exposure Draft) last week that at present, the railway construction funds are tight, and the measures we are going to take are: first, national capital guarantee, second, financial guarantee to issue bonds, and third, under the overall planning, we should clarify policies and orderly introduce private capital

as for the use of social capital, railway insiders revealed that after the approval of the national development and Reform Commission in 2011, the railway industry investment fund is entering the preparatory stage in 2012 for new situations and problems in the implementation of the plan, and is expected to take shape within this year. At present, the financing amount has not been disclosed

it may be too late to introduce social capital for railway construction, which is in urgent need of funds. According to Yu Ding's analysis, even if the railway industry investment fund is established, it is difficult to put the funds in place in the short term, so the state may need to intervene to some extent

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