No.362issue(2012.03.02) |
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China's railway ministry to launch $6.4 bln tenders -reportChina's Ministry of Railways will start a new round of tender offers this year for its high-speed railways that could be worth up to 40 billion yuan ($6.35 billion), the China Securities Journal reported on Friday, quoting industry sources. The ministry also plans to procure 86 billion yuan worth of vehicles this year, the sources told the newspaper. China CNR Corp and China South Locomotive and Rolling Stock Corp Ltd (CSR) , may be the main beneficiaries of the tender offer and could see the new orders impacting results in 2013 and beyond. Subway to cross under YangtzeTunnel digging on the first subway to cross the Yangtze River finished on Sunday in the city of Wuhan, capital of Hubei province, and will open to traffic within this year. The 27.98-km line, the first phase of Wuhan Subway Line II, will link districts of both Wuchang and Hankou, Xiong Zhaohui, deputy chief engineer at China Railway Siyuan Survey and Design Group, said. As a key transportation route in Wuhan, the line will handle half of the city's cross-Yangtze traffic flow, easing gridlock on bridges over the longest river in China. It is expected to transport at least 600,000 passengers daily by 2015, Xiong said. The line costs a total of 14.9 billion yuan ($2.37 billion). Wuhan lies at the intersection of the Han River and the Yangtze and its city proper is divided into three areas by the two rivers.
Railway investment in Jan hits lowest point since 2009China's railway investment in infrastructure in the first month of 2012 decreased by 76 percent year-on-year to 8.7 billion yuan, hitting the lowest point since 2009, the Economic Information reported Thursday, citing statistics from the Ministry of Railway (MOR) website. The railway fixed-asset investment reached 12.2 billion yuan, down 69.6 percent from the same period last year, according to MOR. Wang Mengshu, academician of the Chinese Academy of Engineering, told the newspaper that the sudden decrease in railway investment is partly because many construction projects were stopped during the Spring Festival. Many funds were not in place, he added. At a State Council executive meeting presided over by Premier Wen Jiabao on Wednesday, it was pointed out that private capital was encouraged to enter sectors like the rail industry. Wang said allowing private capital into railway construction is beneficial as the infrastructure construction of railways needs huge amounts of money. However, good allocation plans and profits must be ensured in order to attract the private capital, he added.
CSR Corp. to build new plant in SichuanCSR Corp. Ltd., China's largest train manufacturer, said it signed an agreement with a local partner on Tuesday to build a new subway train assembly plant in the southwestern province of Sichuan. Zhang Jun, vice president of CSR Corp. Ltd., said the plant, based in Sichuan's provincial capital of Chengdu, involves an investment of 980 million yuan (156 million U.S. dollars). However, Zhang declined to disclose the stakes two of its subsidiaries and its partner, Chengdu Industry Investment Group Co. Ltd., will hold in the joint venture. The plant, which initially plans to have an annual production capacity of 200 subway trains, will roll out its first subway train early next year, Zhang said, adding that the subway trains will be supplied to Chengdu and its surrounding cities to cash in on the boom in constructing metro lines seen in many large cities. Chengdu is expected to have nine metro lines by 2020 with a total length of 336 km, said Bai Gang, vice mayor of Chengdu. The city currently has one subway line in operation, and is expected to open another two in the next four years. The plant is the first project of CSR Corp. Ltd.'s Chengdu industrial base, which covers others sectors such as new energy, new materials and electric cars. Last October, CSR Corp. Ltd. signed an agreement with the Chengdu municipal government to build its Chengdu base with an investment of 5 billion yuan.
China’s high-speed railway line set to pick up paceThere's been stops and there has been starts but it appears China's much heralded US$200 billion (150 billion euro) high-speed train network will be charging ahead during 2012 -- and beyond. The country's Ministry of Railways is now saying 3,500 kilometers of rail line will be opened up for use this year, making the entire service stretch past 10,000km. This will mean that all of China's planned North-South routes will come into operation, slashing travelling time between some of the country's most popular cities while also offering a cheap transport alternative to locals and to the growing number of tourists who are visiting China each year. The first of those routes -- connecting Beijing and Shanghai -- opened last June and it will be followed this year by Beijing-Guangzhou (southern route), Beijing-Harbin (northeast) and a route that will connect the coastal centres south of Shanghai.
Work on Fuzhou-Pingtan high speed rail beginsThe preliminary work for the high speed railway between Fuzhou and Pingtan is being carried forward, with hopes to come into operation before the National Day, Oct 1. The high-speed trains from Fuzhou to Pintan will operate at a speed of 200 kilometers per hour. The 87.7 kilometer-long railway is planned to have eight stations and will cross the Haitan Straits. The railway line starts from Fuzhou, passes Gushan, the south station of Fuzhou railway, Changle, Shouzhan, Songxia, and reaches Pingtan Island via the bridge across the Haitan Straits. The bridge across the Haitan Straits combines the highway and railway. The bridge has two tiers, with a double-line railway on the top and a two-way highway underneath. The dedicated railway between Hefei, Anhui province and Fuzhou, Fujian province is an important route between Beijing and Fuzhou, connecting central China and south China. With the completion of the high speed rail between Fuzhou and Pintan, which will link with the line between Hefei and Fuzhou, passengers will be able to commute to Beijing from Pingtan.
The high speed railway between Beijing and Guangzhou will be completed by the end of 2012 and the total rail time will be cut to less than 8 hours according to reports from Nanfang Daily. The newspaper quotes Yang Zhongmin, a senior official with the Ministry of Railways, as saying that the completion of this high speed railway will be a boon to passengers tired of the normal trudge from Beijing to Guangzhou. The new high speed railway will be parallel with the existing rail between Beijing and Guangzhou, helping to ease transportation pressures and binding the economic zones of the Pearl River Delta, Bohai Bay and cities in central China. The section from Zhengzhou to Wuhan will be in test run at the end of February and the section between Shijiazhuang and Zhengzhou will be tested in June. Also, the travel time from Beijing to Wuhan will be shortened to about 5 hours in total. Merchants in Guangzhou hail the news and some have already began planning to extend businesses in Henan and Hebei provinces. "I can get a round trip between Beijing and Guangzhou in a day," said a man surnamed Gao, who works in training and often travels between the two cities. "High speed trains are always on time. At least I will have a fall back plan that doesn't involve planes."
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Person in charge of SASAC talks about central enterprise reform developmentFebruary 20 Reporter He Zongyu China maintained steady and rapid economic and social development in 2011, to which what contributions central enterprises made? All economic indicators of central enterprises hit new highs, how did they achieve that? What is the role of central enterprises in ensuring and improving the people’s livelihood? How will central enterprises cope with severe and complex domestic and overseas economic situation in 2012? Regarding these widely watched questions, the reporter interviewed Shao Ning, vice chairman of the State-owned Asset Supervision and Administration Commission SASAC. Reporter: How did central enterprises cope with the complex economic situation and achieve new highs in all economic indicators in 2011? Shao Ning: In 2011, central enterprises maintained steady and rapid development of production and business operations, achieving operating revenues of 20.2 trillion yuan, up 20.8% year on year, a net profit of 917.33 billion yuan, up 6.4% year on year; and taxes of 1.7 trillion yuan, up 19.7% year on year. By late 2011, central enterprises had achieved total assets of 28 trillion yuan, up 14.9% year on year; and net assets of 10.7 trillion yuan, up 11.4% year on year. It is not easy to achieve such results amid the complex and difficult macroeconomic situation. Affected by the external economic environment last year, a lot of central enterprises faced difficulties such as capital strain, cost rise, order decline, accounts receivable increase and inventory increase. Improper implementation of the mechanism of coal-electricity price linkage and price inversion of oil products and price led to heavy losses of thermal power, refining business and natural gas imports. Market demands fell in industries such as railway, automobile, water transport, iron and steel, and machinery. Some enterprises were under heavy market pressure. Central enterprises coped with the severe situation by taking a series of solid and effective measures. Firstly, vigorously developing domestic and overseas markets and maintaining growth by all means. For example, COFCO adjusted its marketing strategy and built a whole industry chain to optimize its product structure. Secondly, strengthening cost reduction and benefit increase, and seeking benefits from management. For example, Xinxing Cathay International Group comprehensively practiced the “mechanism of simulating legal person operation” and the “mechanism of fast linkage of production, supply, sale and use”, thus reducing cost by 2.3%. Enterprises, such as Sinopec, Sinochem and Baosteel, intensified overseas financing to effectively reduce financial cost. Lastly, strengthening risk control to ensure stable operations of enterprises. Central enterprises appropriately compressed investment scale and strictly controlled investment risk according to market changes, thus making the growth of fixed assets investment in the first three quarters 16.7% slower than the growth of the total fixed assets investment of the society. Many central enterprises practically strengthened overseas assets management to effectively reduce overseas investment risk. Through great efforts, central enterprises maintained steady and healthy development, thus effectively supporting the steady and rapid development of the national economy.
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CNR Supply AC Transmission Equipment for Hong Kong Tramways LimitedOn November 28, 2011, Hong Kong Tramways Limited officially launched the four tram cars with AC transmission system made by China CNR.
CSR Times’ electric systems get off to flying startGood news has recently come from Chengdu Wangpai Commercial Vehicle Co., Ltd. that Hunan CSR Times Electric Vehicle Co., Ltd. CSR Times under CSR Zhuzhou Institute Co., Ltd. CSR ZELRI won an order for 14 sets of electric systems, a new one after the order for five 16t electric water sprinklers last year, marking a good start for the company’s system marketing. According to sources, as a key market for CSR Times’ electric energy-conserving and new energy products, Chengdu has been drawing close attention from the company. Since entering Chengdu’s energy-conserving and new energy vehicle market in 2010, CSR Times has actively sought to optimize and innovate marketing means and strategies, has achieved brilliant results in market promotion, and won an order for 20 range-extended electric-driven hybrid city buses and an order for five special electric vehicles in Chengdu in 2011. |
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