Fasteners, as the ‘rice of industry’, are involved in engineering projects ranging from daily life to national defense and military, and are ubiquitous. In terms of infrastructure, railway fasteners play an important role, participating in all railway, bullet train, and high-speed rail projects of all sizes. In recent years, China’s railway industry has developed rapidly, and the demand for railway fasteners has exploded. Many fastener companies have also developed rapidly as a result.
At the recent consultation meeting on the preliminary work of railway construction projects, Hu Zucai, Deputy Director of the National Development and Reform Commission, stated that the overall progress of railway construction and project preliminary work in the first half of the year was smooth. This year, railway construction still needs to maintain an investment scale of over 800 billion yuan. Efforts should be made to promote construction and ensure ongoing construction, further enhancing the sense of urgency and responsibility to accelerate preliminary work, and ensuring that all 45 new project feasibility studies are approved by the end of September this year; Strengthen communication and negotiation, improve the efficiency and quality of preliminary work, ensure a good construction environment for railways, and ensure the timely completion of railway construction goals and tasks.
In the first half of the year, China’s economy remained stable and steadily improving, with economic growth operating within a reasonable range. Hu Zucai stated that accelerating the preliminary work of railway projects and promoting early commencement of construction is not only necessary to complete this year’s railway construction tasks, but also an important measure to implement the requirements of supply side structural reform and expand effective supply.
A few years ago, we launched eight social capital investment railway demonstration projects, including the Jiqing High speed Railway and the Wuhan Shiyan High speed Railway, covering three fields: high-speed railway, intercity railway, and local railway. Currently, social capital investment projects are making good progress. “Hu Zucai said that the construction of the Sanmenxia Yuzhou Railway and the Chongqing Main City Hechuan Railway has been approved, and the construction of the Jiqing High speed Railway and the Wuhan Shiyan Railway that have already started has been smoothly promoted.
Hu Zucai pointed out that under the current situation, accelerating the preliminary work of railways, focusing on promoting project construction, is conducive to leveraging the comparative advantages of large investment scale, long upstream and downstream industrial chain, and strong peripheral radiation driving effect of railway construction, effectively driving central funds, local supporting facilities, enterprise investment, and bank financing, and better playing an important role in promoting investment and stable growth; It is conducive to further improving the trunk routes in the central and western regions, building a high-speed passenger network that connects the border and the sea, and a widely covered freight network, better leveraging the comprehensive benefits of the road network; It is conducive to improving the comprehensive transportation network with railways as the backbone, fully leveraging the comparative advantages of railways such as large transportation capacity, low cost, and energy saving, and accelerating the construction of the comprehensive transportation system.
Hu Zucai stated that relevant departments will further increase their financial support for railway construction. The special construction fund will continue to tilt towards railway projects in the central and western regions, making good use of policies such as railway development funds, bonds, and comprehensive land development. Financial institutions will accelerate loan review and disbursement to ensure that construction funds are in place on time and in full.
Post time: Aug-09-2024