State Council, Opinion on Reforming the Railway Investment and Financing System to Accelerate and Promote Railway Construction

国务院关于改革铁路投融资体制加快推进铁路建设的意见

September 18, 2013 | BY

CLP Temp &clp articles &

China encourages private investment in railways.

Clp Reference: 4400/13.08.09 Promulgated: 2013-08-09

Issued: August 9 2013


Main contents: The State Council will study the establishment of a railway development fund, using central government fiscal funds as a lure to attract contributions from private legal persons. The railway development fund shall mainly invest in projects specified by the state, the private legal persons will not directly participate in the construction and operation of the railways, but will be guaranteed to receive stable and reasonable returns. During the last three years of the 12th Five-year Plan, government-backed railway construction bonds will continue to be offered and innovations will be made in the types offered and the offer methods (Article 1).

clp reference:4400/13.08.09 issued:2013-08-09

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