Friday, January 18, 2013

Midas

Midas / China Railway: Minister Sheng Guangzu reiterated at the National Railway working conference that rail transportation reform will remain as a key task for the Ministry of Railways (MOR) in 2013. MOR announced the 2013 FAI target of Rmb 650b, 3.3% higher than in 2012. Of that, railway infrastructure invmt will be Rmb 520b, marginally above last yr, and rolling stock invmt will be Rmb 130b, +14% yoy. By end 2012, total railway length reached 98,000 km, increasing by 4,800km and HSR length reached 9,356km. New tracks built in 2013 will be at least 5,200 km.

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