In 2014, the railway sector was entering a new era of innovation and expansion. During a recent telecom conference call held by the railway company, it was announced that total railway investment would be increased to 800 billion yuan. Additionally, the number of new projects set to begin at the start of the year rose from 44 to 64, with a total tender value of 13.538 trillion yuan for these newly launched initiatives.
According to sources within the railway system, the investment plan for these new projects has already been communicated to various railway bureau sections and project companies. Among the 1.35 trillion yuan in bidding amounts, the Shanghai Railway Bureau was allocated 239.4 billion yuan, covering projects such as Hanghuang, Hutong, and Shanghehang railways.
This year marks a significant construction boom for new railway projects. A review of the project table showed that the Shenyang Railway Bureau received 64.7 billion yuan for projects like the Changbai–Changchun–Xibayanhua Railway. The Guangtie Group was allocated 92.5 billion yuan for lines including Zhangchang, Guangzhou Waihuan, and Shenmao. The Harbin Railway Bureau received 89.3 billion yuan for electrification projects on the Hajia–Hamu and Binzhou lines, while the Chengdu Railway Bureau got 61.2 billion yuan for the Chengdu-Kunming and Yuhuai railways.
Wang Mengshu, an academician of the Chinese Academy of Engineering, noted that not all of the 64 projects had been officially unveiled yet. He emphasized that the 1.35 trillion yuan figure represented an initial estimate rather than final data, and that the actual investment would likely exceed this amount once all projects were completed.
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 launch plans. For example, the Hangzhou–Huangshan Railway is expected to start construction this year, while the Shangqiu–Hefei–Hangzhou Railway, after receiving approval from the National Development and Reform Commission, will complete feasibility studies and preliminary design this year, with construction planned for next year.
The Changji–Ganzhou Line, with an investment of 29.7 billion yuan, has already begun construction. Meanwhile, the Lanzhou Railway Bureau was allocated 104 billion yuan for new lines such as Yinxi, Baolan, and Lanhe railways.
With the surge in railway investment, a wave of new projects is set to begin this year, signaling a major shift in infrastructure development.
**Railway Investment Drives Industrial Growth**
The April 30th iron meeting followed up on a regional railway construction conference held in Xi’an on April 28 and 29, chaired by Ma Kai. In the video conference, Sheng Guangzu highlighted that the State Council had issued multiple instructions regarding railway investment in April, emphasizing its importance.
Sources close to the railway sector noted that the State Council not only increased the investment in railway construction but also streamlined procedures to accelerate progress. According to Wang Shiyuan, deputy director of the Ministry of Land and Resources, land required for urgent projects can now apply for initial land use approvals, though compensation and resettlement must be handled before construction begins.
To support the 64 new railway projects, the Ministry will work closely with local authorities to expedite approval processes and assist railway construction units in preparing necessary documentation.
Sheng Guangzu also pointed out that increasing railway investment is crucial for both economic sustainability and long-term railway development. With the economy under downward pressure, the government sees infrastructure investment as a key driver for growth. This initiative not only stimulates demand in raw materials and construction sectors but also boosts manufacturing and creates employment opportunities across the industrial chain.
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