News measures to attract railway investment in China

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clpstaff

Faced with a funding gap of Rmb250 billion (US$31 billion), China plans to introduce new legislation to allow foreign and domestic investors to invest…

Faced with a funding gap of Rmb250 billion (US$31 billion), China plans to introduce new legislation to allow foreign and domestic investors to invest in building another 100,000km of railway tracks by 2020.

The Ministry of Railways is hoping to attract more foreigners to invest in the railroad network by allowing, for the first time, greater control over ticket pricing and freight charges. However, the ministry will continue to retain complete control over railway network schedules.

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