Railway infrastructure investment for the first time to achieve positive growth

According to the data released by the Ministry of Railways, in November 2012, railway investment in fixed assets totaled 506.969 billion yuan, a year-on-year increase of 3.1%, and that of railway infrastructure investment was 431.932 billion yuan, an increase of 9% year-on-year. This is the first time that the railway fixed investment and capital construction investment have achieved positive growth this year.

According to a single month's data, the railway fixed asset investment in November was RMB 81.8 billion, an increase of 0.97% from the previous period and a year-on-year increase of 30.56%. The railway infrastructure investment was RMB 70.106 billion, an increase of 4.7% from the previous period and a year-on-year increase of 141.22%.

In 2012, as the government is about to close its doors, the rapid growth of railway investment is not over. Many new projects have started in the cold. However, the impact of rain and snow weather, especially in the north of the large-scale snowfall, affected the normal construction process. Although the year-on-year increase in railroad investment was significantly higher in November, the growth rate still showed a substantial decline compared with October.

To complete the 6300 investment in railway fixed assets and 530 billion capital investment this year, it means that the fixed asset investment in December will exceed 120 billion, and the capital construction investment will reach 98 billion. Whether it can be achieved or not, the completion of the 530 billion decisive asset investment plan set by the Ministry of Railways at the beginning of the year is not suspicious.