City Rail Transit Becomes a Hot Spot for Investment
Date: Hits:1868
Recently, from METRO CHINA2011 journalist got that Chinese City rail transit construction will be the new investment hot spot after Chinese railway large-scale investment. Disclosed by China Transportation Association that, until the end of 2010, 12 cities Beijing, Shanghai, Guangzhou, Tianjin, Chongqing, Nanjing, Wuhan, Changchun, Shenzhen, Dalian, Chengdu, Shenyang in China have built up and operated 48 city rail transit lines, with total mileage 1395KM.
Statistical data shows that, at present 36 cities in China mainland have submit city rail transit construction and development plan, and 28 of them got approval from government. During these 28 cities, 96 city rail transit lines and more than 2500KM line will be planned and constructed around year 2015 and the total investment will be more than 1000 Billion RMB. China has being the most popular market of city rail transit all around the world. The rapid development of Chinese city rail transit provides huge market space for related industries of city rail transit of the world. During November 1 – 4, METRO CHINA2011 will be held in CIEC in Beijing, at that time, hundreds of enterprises from domestic and foreign will show their latest technology and equipment related to city rail transit industry.
Transport industry analyst point out that, with the rapid development of Chinese economy and urban construction, the phenomenon of population aggregation is becoming more and more serious. Cities are expanding to outside rapidly, but the growth of motor vehicles number is faster than the development of city road. Some cities’ transport is on or over full load, and traffic jams is more and more serious. The construction and development of city rail transit has been an inevitable trend.
It is understood that, international rail transit construction standard is whether a population reached 1 million. According to this standard, 150 cities in China can construct city rail transit. Now, three requirements for subway construction in domestic are population more than 3 million, GDP higher than 100 billion and local financial revenue more than 10 billion and in accordance with these three requirements there are 50 cities in China can apply subway construction. It is heard that, Changsha, Wuhan, Qingdao and other second-level or the third-level cities’ application have been approved and the construction have begun. Director GAO Yucai, responsible person of city rail transit professional committee of China Transportation Association said that, China’s city rail transit has been stepping into golden period of development. As city rail transit needs large scale of investment, so the strict examination for approval procedures is necessary. In China domestic city rail transit construction, the cost of each kilometer is 500 million RMB.
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