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Sichuan Plans to Invest 26.34 Billion RMB in Railway Infrastructure Construction
Updated:2017.04.14

  Following the relevant plans of the 13th Five-Year Plan period and the arrangements deployed by Sichuan Provincial People’s Government, this year Sichuan projects to invest 26.34 billion yuan in railway infrastructure construction and will work hard to leap over the threshold of an investment of 28 billion yuan, according to the Railway Construction Meeting held on April 12.

  In order to promote the construction of major projects, Sichuan will endeavor to realize the “235” target. “2”, “3”, and “5” respectively refer to the two, three, and five projects as follows. Xi’an-Chengdu Railway should be completed and put into service, while Chengdu-E’mei section of Chengdu-Kunming Railway should be upgraded; the construction of Chengdu-Xi’ning Railway, Chongqing-Kunming Railway (Sichuan section), and Zigong-Yibing section of the intercity railway in Southern Sichuan should be launched; preparations should be made to construct Chengdu-Tianfu International Airport-Zigong Railway, Dali-Panzhihua Railway, the second line of North Chengdu-Chengxiang section of Dazhou-Chengdu Railway, the project on upgrading the high-speed railway in Chengdu, and the Zhaojiaopu Railway Logistics Base; reform on the railway investment and financing mechanism should be further deepened, and preparations should be accelerated to inaugurate the construction of Hanzhong-Bazhong- Nanchong Railway (Bazhong- Nanchong section) and Mianyang-Suining-Neijiang Railway.

  It has been revealed in the meeting that, Sichuan will focus on the projects under construction and further strengthen the connectivity with relevant national departments and committees and the railway headquarter to receive more annual investment plans on infrastructure construction; Sichuan will conduct preparatory work in an orderly manner with focus on the pre-work qualities of the three new projects by earnestly settling down preparations such as the disposal of key issues, the stabilization of projects, and the comprehensive land development to ensure the project is promoted with good qualities; in terms of the reform on financing mechanism, Sichuan will research on and bring the role of provincial financing platforms such as Sichuan Development Investment Co., Ltd. and Sichuan Railway Industry Investment Group Co., Ltd. into full play to expand the channels and decrease the costs; furthermore, Sichuan will also issue the Schedule on the Distribution of Railway Construction Investments to urge the investors to invest and the Regulations on High-Speed Railway Security Management to establish a long-term mechanism for connected management, governance, and emergency response which include detailed and clear division of work and responsibilities.

  Yang Hongbo, Vice Governor of Sichuan Provincial People’s Government, attended the meeting and delivered remarks.

 

 
 
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