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| RAISING FUNDS FOR RAILWAY CONSTRUCTION AND ITS APPLI?CABLE ANALYSIS |
| SUN Gui-jiang, XIANG Chun |
| Economy and Plan Research Institute of Ministry of Railways |
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Abstract Shortage of funds is the main problem in development progress of Chinese Railway. There are following seven modes of financing for supporting the leaping development of Chinese railway: the first one is funds for railway construc?tion; the second one is national debt; the third one is investment from local government and enterprise; the fourth one is market financing, including stock, bond and financing for project; the fifth one is Chinese Railway Bond; the sixth one is foreign capitals and the seventh one is loans from bank. Except funds for construction and loans from bank, the other five modes of financing will be further developed in future, especially market financing. It is essential issue for railway con?struction to save investment and reduce cost as much as possible if it wants to gain good economic benefits. To invest in main project and limit investment scale are key points for reducing railway construction cost and increasing investment benefits.
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Received: 11 March 2004
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2004, Vol. 21 
