National Development and Reform Commission: Give Full Play to the Efficiency of the Use of Central Funds and Promote the Construction of Railway Projects

The National Development and Reform Commission recently announced that in order to further standardize the investment management within the central budget of railway projects, give full play to the efficiency of the use of central funds and promote the construction of railway projects, it has issued the Measures for the Special Management of Investment within the Central Budget of Railway Projects.

The method is clear, in accordance with the principle of equal emphasis on passenger and freight transport and simultaneous development of new construction, renovation and expansion, supporting trunk railway projects that smooth the backbone corridors in the central, western and northeastern regions and strengthen national defense support in the border areas; supporting inter-city railway projects such as Beijing-Tianjin-Hebei; supporting railway freight capacity improvement projects; We will support the upgrading of the railway infrastructure between China and Europe and the expansion and renovation of key railway ports. Trunk railway support covers the central, western and northeastern regions, as well as the Central Soviet Area, relevant counties and cities in the old revolutionary areas and underdeveloped areas that clearly enjoy the support policies of the central and western regions. In terms of

fund arrangement, the measures put forward that the National Development and Reform Commission has committed to invest in projects with clear investment quotas at the time of approval of the feasibility study, and in principle, the annual investment plan within the central budget shall be rationally arranged in accordance with the upper limit of the commitment quota and in combination with the annual investment plan and the progress of construction projects. If the National Development and Reform Commission has promised to invest in the project when the feasibility study is approved, but the investment quota is not specified, the investment plan within the central budget will be reasonably arranged according to the progress of the project.