Press Release
Ⅰ、China's railway companies rush forward with IPOs
Ⅱ、Japanese consortium strives to be the front runner in China's railway bidding
Ⅲ、Ansaldo STS seeks to strengthen its presence in China, a fastest developing area for rail transport business
China is Opening for High-speed Railway and Modern Rail Freight
SHANGHAI, JULY 3, 2007 --- Building on the great success of China RailWorld Summit 2006, the 2nd Annual China RailWorld Summit 2007 be held on October 24th through 26th in Beijing, China. China’s railway officials and international rail executives will meet to discuss how to develop high-speed railway and resolve the financing dilemma in marketization in China.
China’s railway industry is becoming a hotspot for investment and a huge market for engineering with the 6th large-scale speed-up on April 18, 2007. Now trains in most parts of China travel at speeds of more than 200 and up to 250 kilometers per hour, which indicates that China has entered an era of high-speed railway. The speed increase promotes the rail freight industry. The new map for freight railway incorporates 90 major cities and 8 ports across China. There has been a substantial increase in the number of direct lines for resource products such as coal, iron, oil and corn. For example, Hongshenxi Coal Railway is to be constructed in 2007. Thus heavy-haul technologies become preferentially developed together with high-speed railway.
With thirsting for advanced technologies and sustainable investment in high-speed railway, container and logistics for rail transportation have been the first breakthrough for foreign investors and operators. China Railway Container Transport formally signed a joint venture contract with other investment partner, such as Rail Transport International, Zim Integrated Shipping Service Co., LTD, and Deutsche Bahn AG etc, to set up a 50-year joint venture "Rail Joint International Container Company Limited" to build and operate in 18 to 18 cities a hub of railway container hubs. This project is to be a new operating model in railway container transport and it’s the first major joint venture projects in the history of Ministry of Railways of China.
Advantageous policies for diversified investment are called up for the domestic and overseas investors. This year, China plans to put $USD 32 billion into railway construction and there will be $USD 25.6 billion of capital shortage. More railways will be built with foreign funds and finance from society, and the Railway Departments are making efforts and improving financing scheme to introduce more strategic investors and change some transportation companies into stock companies. China Railway Express and some other railway corporations are in assistance with global accounting firms for auditing for the IPO to boost their capital and strengthen their management. And the re-financing process with capital-injection and overall-listing has been adopted by the listed railway companies in 2007.
What’s the next breakthrough in 2007? What’s the trend developing in 2008? With the bright prospects, obvious scale effect, and strong entry & exit barriers, China’s railway industry is preparing for the more opening market for international railway investors and operators.
For more summit information contact:
Tel: +86 21 6840 7631
Fax: +86 21 6840 7632
E-mail: rail@chinadecisionmakers.com
Event website: www.chinadecisionmakers.com/rail
More about the 2nd Annual China RailWorld Summit 2007:
Following the success of 2006’s inaugural event which attracted over 280 delegates, the 2nd annual China RailWorld Summit 2007 makes a call to all parties interested in these markets to participate, which seeks to address the complexities in China railway sector focusing on preferentially developing trend for China’s railway, such as high-speed railway, heavy- haul transportation, railway financing and modern rail freight logistics.
The 2nd annual China RailWorld Summit 2007, which is most specialized in interpreting the policies and finding out the current opening market of China’s rail industry, is proud to provide exclusive opportunity to have dialogues with the government department and do deals with MOR. There’s unparalleled projects pursuit with deep analysis on key opportunities and challenges of major rail projects’ construction and finance.
Eminent speakers from key railway regulators, leading domestic railway companies and international railway giants are scheduled to speak, including the senior executives from the Ministry of Railway, PRC, National Development and Reform Commission, PRC, China Railway Engineering Group Co. Ltd., China Railway Container Transport Co., Ltd., etc and international railway companies, such as SNCF, BNSF, DB, will also attend.
All this will make the 2nd annual China RailWorld Summit 2007 an event that rail industry professionals cannot afford to miss. What are the barriers & risks for railway investors and operators with the scale effect & stable profits in China? What will be the next breakthrough of financing or listing on stock market together with the sixth large-scale speed-up railway? This high-profile event will be an industry gathering of decision makers from various rail sectors to gather information, share experiences, network and negotiate deals in one remarkable market.
Press Registration
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Contacting:
Tel: +86 21 68407631
E-mail: rail@chinadecisionmakers.com
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