The hottest railway approval is expected to accele

Railway approval is expected to accelerate in the third quarter. Some eastern provinces plan to exceed 40billion

railway approval is expected to accelerate in the third quarter. Some eastern provinces plan to exceed 40billion

China Construction Machinery Information

China's railway approval is likely to accelerate in the third quarter, and local governments are urgently waiting for approval

on June 16, the national development and Reform Commission held a consultation meeting on the preliminary work of railway construction projects, proposing to "fight the third quarter", and required to reverse the schedule according to the requirements of the approval of the feasibility study by the end of September, establish and improve the monthly notification mechanism, regular communication and coordination mechanism and project dynamic adjustment mechanism, which means that the approval of railway projects will gather in the third quarter

the Economic Observer learned from a relevant person of the local railway system that the railway construction process has been adjusted to reduce the time required to shorten the preliminary work of the railway. The pre-approval content carried out by the national development and Reform Commission has been significantly reduced, and the previously required 10 approval contents have been reduced to 3

at the same time, the enthusiasm of local railway investment led by local governments is gradually increasing, and the further decentralization of railway approval authority provides more space for local governments. According to the economic observer, the railway investment plans of many eastern provinces have been significantly increased this year, and the investment plans of individual provinces exceed 40billion yuan. Out of the expectation that railway investment and operation will stimulate local economy, the construction process of these local railways is particularly rapid

take the Hangzhou Shaoxing Taiwan High Speed Railway as an example. Less than a month after the Hangzhou Shaoxing Taiwan high speed railway was approved by the national development and Reform Commission at the end of November 2017, the construction of the railway began. Wang Yongsheng, chief engineer of Taizhou railway investment company, told the economic observer that local governments have high enthusiasm for railway construction

project approval accelerated in the third quarter

on June 20, the national development and Reform Commission announced the monthly growth of fixed asset investment in roads, civil aviation and railways: in June, China's railway completed fixed asset investment of 217.9 billion yuan, a year-on-year increase of 2.5%, which is far lower than the year-on-year growth rate of highway construction of 32.7% and civil aviation construction of 14.3%

this is also the smallest year-on-year growth rate of railway in the past four years. According to the economic observer, the year-on-year growth rates of monthly railway fixed asset investment in 2016, 2015, 2014 and 2013 were 11.8%, 22.1%, 2.6% and 25.4% respectively

the slowdown in investment growth also faces some other pressures

the consultation meeting on the preliminary work of railway construction projects held on June 16 believed that the preliminary work of railway projects has made positive progress, but the overall progress is still lagging behind. The preliminary work of railway is the planning, approval and other work before railway construction. The lag of the preliminary work means that the speed of railway construction will be affected to a certain extent in the future

it is understood that in recent years, the national development and Reform Commission will hold a consultation meeting on the preliminary work of railway construction projects to coordinate the approval progress of railway projects in the second half of the year

Luo Renjian, a researcher at the Institute of comprehensive transportation economics of the national development and Reform Commission, told the economic observer that although the year-on-year growth rate slowed down in the first five months, it cannot be judged that the railway investment will slow down throughout the year

in terms of absolute volume, the total investment in railway fixed assets in this month is the same as that in 2016, and the railway fixed asset investment plan in these two years is about 800billion. Referring to the situation of last year, it is not difficult to complete the railway investment

this year's government work report clearly stated that the railway construction investment this year will be more than 800billion. This total is actually the "inertia" figure that China's railway construction has maintained for four years. At the beginning of 2014, China formulated a 630 billion railway fixed asset investment plan, but the final completion was much higher than the plan at the beginning of the year, reaching 808.8 billion yuan. In the next three years, the railway fixed asset investment plan formulated at the beginning of each year was more than 800billion yuan

according to the situation in 2016, the approval cycle of railway projects will be intensively entered in the third and fourth quarters. On July 6, 2016, Hu Zucai, deputy director of the national development and Reform Commission, said that the railway construction in 2016 still needs to maintain an investment scale of more than 800 billion yuan. At the same time, it is necessary to ensure that Vertu and haoya will reply all the feasibility study reports of 45 new projects in the industry before the end of September, so as to ensure that the railway construction goals and tasks are completed on schedule. In the fourth quarter of that year, the national development and Reform Commission intensively announced a number of approved railway projects

the focus of railway construction this year is in the third quarter

the consultation meeting on the preliminary work of the railway construction project converted into a crack believes that the third quarter of this year is very critical, and proposes to "fight the third quarter", requiring the Railway Association to solve the problems existing in the preliminary work with the local government, and asking the relevant departments to intervene in advance to improve the approval efficiency. At the same time, it is required to reverse the schedule according to the requirements of approving the feasibility study by the end of September, establish and improve the monthly notification mechanism, regular communication and coordination mechanism and project dynamic adjustment mechanism

local infrastructure driving force

China's railway construction has been dominated by central investment for a long period of time, and the amount of investment in this part has entered a stable range in recent years. At the same time, the railway investment of local governments is also growing rapidly

Taking Jiangsu Province as an example, although the railway investment amount in Jiangsu Province has reached a recent high of 34.5 billion yuan in 2016, the investment plan at the beginning of 2017 was raised to 40 billion yuan, which is likely to be further improved within the year

in addition, some local railways advance faster. At the end of November 2016, the Hangzhou Shaoxing Taiwan High Speed Railway in Zhejiang Province was approved by the national development and Reform Commission. After only one month, the construction of the Jiulongshan tunnel of the project has begun

Wang Yongsheng, chief engineer of Taizhou railway investment company, told the economic observer that the preliminary design was approved the day after the hangshaotai project was approved by the national development and Reform Commission. The reason is that before the approval of the national development and Reform Commission, the approval of other departments has begun to be prepared in advance and promoted synchronously

on the one hand, this efficiency comes from the enthusiasm of local governments in railway construction, on the other hand, it is also related to the adjustment of the work process in the early stage of railway construction in recent years

in May 2015, the national development and Reform Commission issued the notice on adjusting the approval procedures of railway construction projects, which no longer approved the project proposal for the railway projects clearly planned and constructed in the national medium and long-term railway plan and the regional and special plans approved by the State Council, but directly approved the feasibility study report

in 2017, the national development and Reform Commission issued the notice on further decentralizing the examination and approval authority of government investment in transportation projects, which further subordinated the examination and approval authority to local governments. It pointed out that for cross provincial railway projects included in the national plan, the railway corporation should decide on their own investment, and the provincial government should approve the feasibility study report for local and social investment

the above-mentioned local railway system stakeholders told the economic observer that in the previous pre-approval stage carried out by the national development and Reform Commission, more than 10 approvals were required, but currently only 3 approvals, including planning and site selection, land pre-trial, and stability risk assessment, are required

the streamlining of the early work process of the railway and the decentralization of approval authority provide space for local governments to improve their enthusiasm to participate in railway construction. The growth rate of railway investment in some places has entered the fast lane. According to previous relevant media reports, Zhejiang Provincial Communications Investment Group completed a total of 7.151 billion yuan of railway investment per month, exceeding the highway investment of 5.247 billion yuan

Wang Yongsheng told the economic observer that in the past, most railways were promoted by the Railway Corporation, with low local participation, but local governments are the direct beneficiaries after the completion of the railway, and the demand for the railway is the most urgent. Therefore, the enthusiasm for promotion is higher, and local governments will play a more important role in railway construction in the future