[Peakoil] PRC: Opening railways to foreign investment

[Antony Barry]

Note why they want to boost rail.

PRC: Opening railways to foreign investment

Source: Asia Times

"One aim of PRC's economic-reform endeavor is to privatize state- 
owned enterprises (SOEs). Although the reform has been ongoing for  
more than two decades, a few industries remain firmly in the hands of  
the state. Railways is one of them. But China has taken the first  
steps, though small ones, to open the door for private investment in  
the state-monopolized railway sector in a bid to boost the  
development and improve the efficiency of its transport sector.

The government wants to boost rail transport because it consumes less  
fuel than motor-vehicle and air transportation. To implement its  
ambitious plan, the government has decided to allow private companies  
to invest in railway construction, running railways, and manufacture  
of railway equipment. In April, it further liberalized the designing,  
project construction and supervision businesses in the railway  
industry."

Full article: http://www.atimes.com/atimes/China_Business/HI20Cb01.html

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