Arab Today, arab today china to set up railway corporation
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

China to set up railway corporation

Arab Today, arab today

Arab Today, arab today China to set up railway corporation

Beijing - XINHUA

The Chinese government says it will set up a state-owned railway corporation with registered capital of 1.04 trillion yuan ($165.73 billion). The new entity, to be called the China Railway Corp., supervised by the Ministry of Transport, will be wholly state-owned and will perform the business functions of the Ministry of Railways, which is to be dismantled under the government\'s restructuring effort. The Xinhua News Agency said a date for the establishment of new corporation was not disclosed. The report said the railways ministry\'s assets, liabilities and personnel will be transferred to the new corporation. The railway ministry\'s debt-to-asset ratio had climbed to 61.81 percent at the end of September last year. The report said the ministry\'s huge debts were the result of the country\'s railway construction boom in recent years. Many of China\'s public works projects have been mired in corruption and the country\'s top leadership has been cracking down on the problem. China\'s high-speed rail system, highly praised around the world, has not come cheap. Some past reports have estimated the cost was running into the hundreds of billions of dollars. China says 98,000 kilometers (60,894 miles) of rail lines, including 9,356 kilometers (5,813 miles) of high-speed rail lines, were in operation at the end of last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to set up railway corporation Arab Today, arab today china to set up railway corporation

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to set up railway corporation Arab Today, arab today china to set up railway corporation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday