In 2014, the railway sector entered a new phase of development, marked by increased investment and ambitious infrastructure plans. During a recent teleconference held by the railway company, it was announced that total railway investment would reach 800 billion yuan, with an increase in the number of newly launched projects from 44 to 64 at the start of the year. The total tender amount for these 64 projects reached 1.35 trillion yuan, signaling a significant expansion in railway construction activities.
According to insiders within the railway system, the investment plan for the new projects has already been communicated to various railway bureaus and project companies. For instance, the Shanghai Railway Bureau was allocated 239.4 billion yuan for new projects such as Hanghuang, Hutong, and Shanghehang railways. These developments indicate that this year is set to be a major one for railway construction.
The Daily Economic News reporter reviewed the project list and found that the Shenyang Railway Bureau received 64.7 billion yuan for projects like the Changbai-Changchun-Xibayanhua Railway. Similarly, the Guangtie Group was allocated 92.5 billion yuan for the Zhangchang, Guangzhou Waihuan, and Shenmao lines. The Harbin Railway Bureau received 89.3 billion yuan for electrification projects on lines such as Hajia-Hamu and Binzhou, while the Chengdu Railway Bureau was given 61.2 billion yuan for the Chengdu-Kunming and Yuhuai railways.
Wang Mengshu, an academician from the Chinese Academy of Engineering, mentioned that some of the 64 projects were not yet fully detailed. He noted that the 1.35 trillion yuan figure represents the initial investment, not the final amount, which is expected to be higher once all projects are completed. "Of the 800 billion yuan allocated this year, only a portion will go directly to the 64 projects," he said, adding that many projects will be implemented in phases.
Among the 64 new projects, 20 were added compared to the original 44 planned at the beginning of the year. Some of these new projects were not included in the initial start-up plan. For example, the Hangzhou-Huangshan Railway is expected to begin construction this year, while the Shangqiu-Hefei-Hangzhou Railway, after receiving approval from the National Development and Reform Commission, is scheduled to complete its feasibility study and preliminary design this year, with actual construction expected next year.
The Shanghehang Railway, which was included in this year’s plan, has a budget of 71 billion yuan. Another project, the Changji-Ganzhou line, has a construction scale of 29.7 billion yuan, and the Lanzhou Railway Bureau was allocated 104 billion yuan for the Yinxi, Baolan, and Lanhe railway lines.
With the increased railway investment, a wave of new construction projects is expected to take off this year. This surge in activity is not just about building tracks; it's also about boosting economic growth and driving industrial development.
At a meeting on April 30th, which followed a regional railway construction conference held in Xi'an earlier in the month, State Council leaders emphasized the importance of railway investment. According to sources close to the railway industry, the government not only increased funding but also streamlined procedures to accelerate construction progress.
Wang Shiyuan, deputy director of the Ministry of Land and Resources, stated that land required for urgent railway projects can now be approved quickly, though land compensation and resettlement must be handled before construction begins. The ministry is working closely with railway authorities to ensure that all necessary documentation is ready in advance.
Sheng Guangzu, the minister, highlighted the broader economic impact of railway investment, noting that it supports the sustainable development of both the economy and the railway industry itself. With the current economic slowdown, increased railway investment serves as a key strategy to stimulate growth. It also drives industries such as raw materials, construction, and manufacturing, creating jobs and boosting the industrial chain.
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