Railway logistics costs are expected to drop significantly

On the 19th, the Chinese government network forwarded the "State Council's Opinions on Reforming the Railway Investment and Financing System and Accelerating the Construction of Railways" (hereinafter referred to as "opinions"). When the "Opinions" came out, it attracted the attention of various parties. Yesterday, the A-share railway infrastructure sector was active and rose by 2.04%. Among them, the Datong-Qinhuangdao Railway has increased by 4.52%, and the ST country has constantly risen by 5.21%. The intelligence of the race has soared by 9.98%.

According to industry sources, the "Opinions" have "entertained a determination to ensure that private capital has entered the railway construction market." Railway freight prices have been changed from government pricing to government-guided prices, and a dynamic adjustment mechanism has been established for changes in rail freight prices with changes in road freight prices. It helps to reduce social logistics costs.

The Opinions propose to release the ownership and operation rights of inter-city railways, municipal (suburban) railways, resource development railways and feeder railways to local governments and social capital, and encourage social capital to invest in railway construction. Earlier, some experts pointed out that the reform of railway investment and financing in these years was not satisfactory and there were multiple concerns about the entry of private capital. If you are worried about losses, your income will be difficult to settle, and your return period will be long.

Regarding these concerns, the "Opinions" made it clear that the Railway Development Fund mainly invests in projects stipulated by the state, and social legal persons do not directly participate in the construction and operation of railways, but ensure that they obtain stable and reasonable returns. People in the industry believe that this will help eliminate the multiple concerns that private capital will enter the railway construction market.

The "Opinions" also pointed out that it is necessary to continuously improve the railway tariff system and steadily streamline the railway price relationship. In accordance with the principle of maintaining a reasonable price relationship between railways and highways, the prices of national railway freight are set, and the price level is adjusted step by step, and a dynamic adjustment mechanism for the price of railway freight fluctuating with the price of road freight is established. Create conditions to change the price of railway freight from government pricing to government guidance, and increase the flexibility of freight rates.

“This is a way for railway freight to become market-oriented and integrate with the market.” According to industry insiders, in the past, rail freight was priced by the government, regardless of the off-season peak season, which was the same price. Now, the dynamic adjustment of the price of freight with roads has been established. In the peak season, tariffs rose during the peak season and decreased during the off-season. Enterprises have more options for transportation.

In addition, the marketization of rail freight prices can also reduce social logistics costs. The person analyzed that the current rail freight price is only one-third of the highway. According to calculations, in the total social cargo volume, if the proportion of railway freight is increased by one percentage point, the social logistics cost can be saved by RMB 21.2 billion.