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it has entered another year of intensive opening of new high-speed rail lines. it is expected that 1,000 kilometers of high-speed rail will be opened in the fourth quarter. at the same time, railway investment growth is accelerating, and this year may reach a 10-year high.

on september 29, the newly built chongqing-kunming high-speed railway from chongqing west to yibin east section (hereinafter referred to as the "yu-yi section of the chongqing-kunming high-speed railway") was officially opened for operation. it can be reached from chongqing west to yibin station in 48 minutes at the fastest, which greatly reduces the time between chongqing and yibin. temporal and spatial distance of urban agglomeration in southern sichuan. so far, the mileage of high-speed rail this year has exceeded 1,000 kilometers.

on the same day, china railway group's official wechat account "china railway" also announced that the huinong-yinchuan section of the newly built baotou-yinchuan high-speed railway will be put into operation on october 1. shizuishan city in ningxia will be connected to the national high-speed rail network, and the layout of the railway network in western my country will be further improved. . based on public information, it is expected that nearly 1,000 kilometers of high-speed rail will be opened before the end of the year.

2,000 kilometers of high-speed rail are expected to be opened this year

the total length of the chongqing-kunming high-speed railway line is about 700 kilometers, with a design speed of 350 kilometers per hour. the entire line is constructed in sections. the section from chongqing west to yibin east that was opened this time has a total length of 192 kilometers, and the section from yibin east to yibin is 15 kilometers long. they are on the same line as the chengdu-zigong-yibin high-speed railway and have been put into operation on december 26, 2023. ; the southern section from yibin to kunming is about 493 kilometers long and is under construction in an orderly manner.

the main line of the baoyin high-speed railway is about 517 kilometers in length, with a design speed of 250 kilometers per hour. it is also constructed in sections. among them, the section from baotou to wuhai to huinong is about 420 kilometers in length. construction started in april 2022 and is under orderly construction; the huinong to yinchuan section opened this time has a total length of 97 kilometers and started construction in october 2019.

the goal put forward by the state railway group at its work meeting at the beginning of the year is to put more than 1,000 kilometers of new lines into operation in 2024. however, as of september 30, 2024, the chi-huang high-speed railway, banan high-speed railway, lanzhou-zhangye high-speed railway lanzhou-wuwei section, rizhao-lankao high-speed railway zhuangzhai-lankao section, hangzhou-wenzhou high-speed railway, and longlong high-speed railway meizhou-longlong high-speed railway have been put into operation this year. the length of high-speed rail lines such as the longchuan section and the yuyi section of the yu-kunming high-speed railway has exceeded 1,000 kilometers.

not only that, in addition to the official opening time of the baotou-wuhai-huinong section, on august 29, the newly-built xuancheng-jixi high-speed railway entered the trial operation stage, and the countdown to the opening of the entire line began. on september 19, the newly built weifang-yantai high-speed railway also entered the operational test stage, and the trial operation will last until october 19.

in addition, many high-speed rail lines are one step closer to opening. on september 19, the shanghai-suzhou-huzhou high-speed railway began to enter the joint debugging and testing stage. on september 30, the joint commissioning and testing of the nanning-yulin section of the newly built nanning-zhuhai high-speed railway began, and officials expect that it will be ready for operation by the end of the year.

the 2023 joint debugging and joint testing summary meeting of the china academy of railway sciences group corporation and the 2024 joint debugging and joint testing mobilization meeting held at the beginning of this year also showed that in 2024, 16 projects including chihuang, weiyan, hangwen, and meilong are planned to be carried out. joint debugging and testing of 2,084 kilometers of high-speed railway sections.

the successive commissioning of these projects has set a new record for china's railway construction. china railway group announced that on september 14, with the opening of the west section of the longlong high-speed railway from meizhou to longchuan, china's railway operating mileage exceeded 160,000 kilometers, of which the high-speed railway exceeded 46,000 kilometers, an increase of 64.2% and 392.2% respectively compared with the end of 2012. .

can annual investment reach another 800 billion?

data released by the china railway group shows that from january to august this year, the country’s railways completed fixed asset investment of 477.5 billion yuan, a year-on-year increase of 10.5%.

since april, national railway investment has maintained a growth rate above 10%. in 2023, the country's railways will complete fixed asset investment of 764.5 billion yuan. therefore, if a 10% growth rate can be achieved throughout the year, the country's railways will complete fixed asset investment this year, which is expected to exceed 800 billion yuan, and may even reach a 10-year high.

in fact, my country's total railway fixed asset investment has remained above 800 billion yuan from 2014 to 2019. however, starting in 2020, railway investment has declined for three consecutive years. in 2020, 2021 and 2022, the fixed assets completed by the national railways will be 7819. billion, 748.9 billion and 710.9 billion yuan, a decrease of 100 billion yuan from the peak in 2022.

an inflection point has appeared in 2023, and railway investment has turned from a decline to an increase. last year, the national railways completed fixed asset investment of 764.5 billion yuan, a year-on-year increase of 7.5%. on this basis, investment growth has further improved this year, with an increase of 9.9% in the first quarter, and has maintained a growth of more than 10% since april.

when releasing data from january to august, the china railway group said that in the next step, the china railway group will focus on improving the overall functions and benefits of the railway network, do a good job in networking, repairing the network, and strengthening the links, carefully organize the construction of projects under construction, and speed up key projects. the preliminary work will make positive contributions to consolidating and enhancing the positive economic recovery trend.

during this process, the construction of some major projects was accelerated. for example, on september 25, the flood control impact assessment of the newly built yichang to fuling high-speed railway (in chongqing) was officially approved. this is one of the important prerequisites for the preliminary design approval of the project. the total investment in the project is 125.966 billion yuan, including 119.918 billion yuan in engineering investment and 6.048 billion yuan in emu purchase costs. the design speed target value is 350 km/h.

according to the "people's railway news", as of july this year, 15 of the 102 major railway projects identified in the "14th five-year plan" outline have been put into operation and 29 have started construction. the preliminary work of other projects is accelerating.

the state council executive meeting held on september 29 deployed relevant measures to accelerate the implementation of 102 major projects in the "14th five-year plan". the meeting pointed out that the implementation of 102 major projects during the "14th five-year plan" period is an important arrangement made by the party central committee for current and long-term planning. it is necessary to focus on the overall situation and grasp the implementation of major projects, further consolidate the responsibilities of all parties, strengthen department coordination and central-local linkage, strengthen financial support and factor resource guarantees, solve difficulties and blockades, and ensure that the construction of major projects achieves the expected results.

li xiuzhong