Railway Construction in China
November 30, 2003 | BY
clpstaff &clp articlesBy Susan Finder with assistance from Peter Bazos, Freshfields Bruckhaus Deringer, Hong KongChina's current five-year plan (2001-2005) attests to the commitment…
By Susan Finder with assistance from Peter Bazos, Freshfields Bruckhaus Deringer, Hong Kong
China's current five-year plan (2001-2005) attests to the commitment to develop railway infrastructure. The country plans to invest Rmb350 billion on railway development. Adding needed clarity to the legislative regime, the Ministry of Railways recently issued the Administration of Railway Construction Procedures (the Procedures), which took effect October 1 2003.
The Procedures address railway project management, invitation and submission of bids, survey and design, as well as construction administration, supervision, quality and safety control. To gauge the opening available for foreign investors to undertake railway construction projects in China, one must examine three areas of legislation: the opening proposed under China's WTO commitments; provisions included in China's Foreign Investment Industrial Guidance Catalogue; and specific industry rules and regulations.
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