& other; With the support of the financial institutions, we are in a stronger position. Throughout the &; Chongqing railway investment group co., LTD. (referred to as chongqing railway group) related officials said that for a long time, chongqing railway construction and development lack of a unified implementation body, investment and financing platform and construction operation management platform, unable to adapt to the country and chongqing railway construction and development of the new situation and new tasks.

The problem will be solved step by step. On November 18, 2019, the group was officially inaugurated. This marks that chongqing has formally set up the investment, financing, construction, operation and management platform to support the accelerated development of railway. M & throughout; A solid step forward in building a high-speed rail network and a comprehensive national rail hub.

realize the coordinated development of government market enterprises

In recent years, with the advance of the reform of railway investment and financing system, part of railway construction has been changed from the past. Mainly state investment ” Into & other; Mainly local investment ” . It is urgent to establish the heavy railway group and fulfill the project owner's functions.

& other; The establishment of chongqing railway group changed the development mode of chongqing railway construction relying solely on the market, realized the coordinated efforts of the government, the market and enterprises, and helped to coordinate the comprehensive development and utilization of railway resources and promote the sustainable development of chongqing railway construction and operation. Throughout the &; The chongqing municipal government and the China national railway corporation (SNR) have made an innovative joint venture to form the railway group, officials said.

It is reported that chongqing railway group is a joint venture railway company jointly funded by the chongqing municipal government and China national railway group and operated in a market-oriented way. The establishment of the group is an innovative measure to implement the reform of the national railway investment and financing system.

bank-enterprise cooperation financing will reach 150 billion yuan

Chongqing has always given priority to the construction of transportation, and implemented the five-year action plan for high-speed rail construction to accelerate the construction. M & throughout; We will strive to build a national comprehensive railway hub and an international comprehensive transportation hub. In the next 10 years, the total investment of chongqing high-speed railway is expected to reach 360 billion yuan, of which the state railway group and chongqing municipality will bear about 180 billion yuan of capital and 180 billion yuan of multi-channel financing.

The establishment of the group has provided important support in the four elements of people flow, logistics, capital flow and information flow, and played an important role in promoting the coordinated development of the railway construction in the four directions of east, west, north and south and the coordinated development of the four transportation modes of railway, public water and air, as well as in speeding up the construction of high-speed railway in chongqing and expanding open channels.

The deepened cooperation between Banks and enterprises has further enhanced the ability of financial institutions to serve the real economy and become a financial aid to chongqing. M & throughout; Shape high speed railway “ Construction started in five years and opened in ten years. Important measures to promote the objectives and tasks.

On the opening day, China railway group signed strategic cooperation agreements with 11 financial institutions including China development bank. In the next five to 10 years, 11 financial institutions will provide the group with 150 billion yuan of intentional financing support, and carry out in-depth cooperation in the financing of joint venture railway, inter-city railway and comprehensive development of land along the line.

in the next five years to build 1700 km of high-speed rail

According to the cooperation agreement, the group will give priority to the cooperative Banks to obtain financial services and actively support the cooperation between Banks and the group. The cooperative bank will also actively support the railway construction and development, providing all-round, high-quality and efficient financial services including credit granting and financing services, cash management services, etc.

Officials from ping an group, China construction bank chongqing branch and other financial institutions said they will further consolidate and deepen cooperation with China railway group, increase support for chongqing railway construction and fully support the early completion of the national comprehensive railway hub in chongqing.

The new mechanism model provides a platform and a starting point for chongqing to promote the pilot construction of a transportation power, speed up the construction of railway infrastructure, especially the construction of high-speed railway corridors.

In the next five years, chongqing will start construction of 8 high-speed railways totaling 1700 km including yuwan and west chongqing, all of which will be completed and open to traffic within 10 years. M & throughout; High-speed rail network. By then, chongqing will have one-hour high-speed rail connections to chengdu and guiyang, and three-hour high-speed rail connections to other nearby provincial capitals. The time to Beijing, Shanghai and guangzhou will also be greatly reduced.