日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Pension funds to be invested in railway

By Xin Dingding (China Daily)
Updated: 2006-11-08 06:49

The national social security fund is likely to invest in the Beijing-Shanghai high-speed rail link and other railway projects.

The fund and the Ministry of Railways are currently in negotiations about the investment, an anonymous source was quoted as saying in the China Financial News yesterday.

Special coverage:
Social Security Fund In Spotlight
Related Readings:
 Chen dismissed for pension scandal
 Shanghai F1 chief in graft probe
 First arrest in Shanghai fund scandal
 Tycoon arrested for pension scandal
 
The potential investment by the fund follows the huge investments promised by insurers falling short of ministry estimates.

A total of 40 billion yuan (US$5 billion) from insurance companies has been approved for investment in the project, said Zhou Yanli, deputy chairman of China Insurance Regulatory Commission.

But the amount is only half what the ministry expected, since the ministry and the commission agreed two months ago that it needed 80 billion yuan (US$10 billion) from the insurance business for the project.

The Beijing-Shanghai high-speed railway project is estimated to cost at least 130 billion yuan (US$16.25 billion) according to the initial plan.

"The initial budget was made according to past experience that building 1 kilometre of high-speed track usually costs 100 million yuan (US$12 million)," said Liang Chenggu, news officer with the Ministry of Railways.

"But the investment may increase along with the growing price of real estate and resettlement costs," he said.

The China Financial News quoted an insider saying that the Beijing-Shanghai railway will cost at least 170 billion yuan (US$21.25 billion).

If three related projects are included in the final bill, the total cost could exceed 200 billion yuan (US$25 billion), the newspaper said.

At present, the National Development and Reform Commission (NDRC) is studying a feasibility report on the Beijing-Shanghai railway project, which includes details like the total investment needed.

The commission approved the ministry's proposal to build the high-speed railway in March 2006, after more than a decade of debate on what technology the railway should use.

The 1,320-kilometre line is expected to be completed and go into operation in 2010, when Shanghai hosts the World Expo.

By then, with a designed speed of 300 kilometres per hour and a maximum speed of 350 kilometres, the railway will shorten travel time between the two cites from 13 hours to less than 5.

The ministry said work on the project is expected to start before the end of the year.

Work has already begun on some related projects, such as new railway hubs and bridges along the route.

Two projects in East China's Jiangsu Province the Nanjing Railway Station and the Nanjing Dashengguan Rail Bridge both began construction in September.

Other related projects include building a new Beijing South Railway Station. The project began last December with an estimated cost of 6.3 billion yuan (US$789 million).



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 黄色在线观看网址 | 日本成人福利视频 | 国内精品国产成人国产三级 | 老地方在线观看免费动漫 | 欧美一区二区久久 | 久久av资源 | 俺去啦最新网址 | 国产精品久久久视频 | 欧美一区成人 | 午夜在线观看视频网站 | 黄色大片免费在线观看 | www国产在线观看 | 国产精品视频专区 | 日本欧美一区二区三区不卡视频 | 成人亚洲国产 | 精品福利视频导航 | 国产精品久久一区二区三区 | 激情丁香 | 狠狠久久久 | 欧美亚洲 | chinese国产精品 | 自拍偷拍另类 | 99久久久国产精品 | 亚洲午夜在线播放 | 久久久免费精品 | 男女性高潮免费网站 | 久久久久久久久久久91 | 亚洲欧洲国产精品 | 国产精品久久久久久一区二区三区 | 亚洲第一色站 | 噜噜噜私人影院 | 成人免费看片' | 久久久夜色| 91国在线| 激情av在线播放 | 国产成人97精品免费看片 | 五月天综合激情网 | 牛牛影视av| 91麻豆影视| wwwwww日本 | 国产一区二区视频网站 |