在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

   

Ministry to take 35% stake in rail group

By Mao Lijun (China Daily)
Updated: 2007-10-31 07:39

The Ministry of Railways is expected to take a stake of around 35 percent in a new investment group to finance the Beijing-Shanghai high-speed railway, sources said.

The ministry will invest 40 billion yuan in the firm, which is expected to be established before the end of the year, the sources said.

Five institutional investors - Bank of China, the Industrial and Commercial Bank of China, China Construction Bank, the National Council for Social Security Fund and a foreign private equity fund -will invest 10 billion yuan each for a total stake of about 45 percent in the new firm, the Beijing-Shanghai High-Speed Railway Corp.

The local governments of Beijing, Shanghai and Tianjiin municipalities and Hebei, Shandong, Anhui and Jiangsu provinces will inject 20 billion yuan in cash.

The ministry said previously the high-speed railway would cost about 130 billion yuan, but has already upgraded that figure to more than 170 billion yuan due to surging real estate prices and resettlement costs, according to media reports.

But industry observers predict the eventual cost will be higher - more than 200 billion yuan - given rising raw material and labor costs.

The Beijing-Shanghai High-Speed Railway Corp will have registered capital of 110 billion yuan.

Industry sources said the government plans to raise another 110 billion yuan through bank loans and bond issues.

The State Council last month approved a feasibility study on the Beijing-Shanghai high-speed railway, which was proposed nearly a decade ago.

The State Council Tuesday issued a notice saying it has set up an office headed by Vice-Premier Zeng Peiyan to oversee construction of the railway.

Industry sources said the country's three major insurers, China Life Insurance Co Ltd, Ping An Insurance (Group) Co of China Ltd and the People's Insurance Co of China, have also approached the ministry about a stake in the investment vehicle.

But negotiations were stalled over concerns about return on investment.

The 1,318-km project could be the most profitable railway in China, said Long Hua, an analyst with Haitong Securities.

The railway currently running between Beijing and Shanghai, which usually takes 10 hours, is already the busiest line in China, accounting for 10.2 percent of the nation's passenger transport volume.

The high-speed link could shorten travel time to about five hours, with a peak speed of 350 km.

The fare for a one-way trip is expected to cost 600 to 700 yuan - far less than the standard airfare of more than 1,200 yuan.

Long estimates it could be 10 years after the railway goes into commercial operation before a full return on investment is seen.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 亚洲精品乱码久久久久久蜜桃91 | 成人不卡视频 | 久久久久国产一区二区三区 | 一区二区三区四区国产 | 一区二区三区高清 | 欧美综合在线观看 | 国产精品看片 | 中文在线视频 | 国产精品久久久久久久久久久久午夜片 | 国产精品免费一区 | 天堂视频在线免费观看 | 国产成人三级一区二区在线观看一 | 日韩特级毛片 | 日韩黄色在线观看 | 欧美一级淫片免费视频黄 | 婷婷狠狠 | 亚洲人在线观看 | 国产欧美另类 | 四虎在线免费观看视频 | 国产精品成人一区 | 国产欧美一区二区精品忘忧草 | 黄色片www | 国产精品一区二区免费 | 久久亚洲天堂 | 国产丝袜一区 | 91免费黄| 日本国产欧美 | 九九精品在线视频 | 国内精品久久久久久久久 | 一区二区国产在线 | 欧美亚洲一区二区三区 | 国产在线视频一区二区 | 免费av网址在线观看 | 国产精品tv | 国产91在线看 | 国产精品尤物 | 在线观看av网站 | www.亚洲一区 | 亚洲精品一区二区在线观看 | 男女av在线 | 国产成人在线免费观看 |