从年初的4060亿元，到8月初的4700亿元，再到如今的4960亿元，铁路的基建投资规模不断追加。

At the beginning of the year from 406 billion yuan,To the beginning of August of 470 billion yuan,To today's 496 billion yuan,Railway construction investment scale unceasingly additional.

　　8月30日，在铁路建设动员电视电话会议上，铁道部计划司副司长严贺祥明确表示，经过3次调整，铁道部2012年的基建投资规模确定为4960亿。这比年初确定的4060亿多了将近1000亿。

On August 30,,In the railway construction mobilization TV conference call,The ministry of railways planning department deputy director general YanHeXiang made clear,After 3 times adjustment,The ministry of railways 2012 years of infrastructure investment scale sure for 496 billion.This is determined at the beginning of more than 406 billion nearly 100 billion.

　　而与以往靠不断增加银行贷款和发行铁路债券融资不同，此次追加资金很大一部分来自于中央财政预算内资金。铁道部分管铁路建设的副部长卢春房在上述会议上表示，近期中央财政已经追加了200亿的财政预算内资金。

With the ever increasing by bank loans and issue railway bond financing is different,A large part of the additional funds from the central financial budget funds.In charge of the construction of the railway ministry of railways vice minister LuChun room in the meeting said,Recently, the central fiscal has additional 20 billion financial budget funds.

　　9月初，铁道部计划司的有关人士还表示，最近中央又考虑追加200亿的预算资金，也就是说今年铁路基建投资如再调整的话，极有可能突破5000亿元。

In early September,The ministry of railways planning department of the authorities also said,Recently the central and consider additional 20 billion budget,That is this year railway infrastructure investment, such as a readjustment words,Is likely to exceed 500 billion yuan.

　　“铁公基”猛进 "Iron and base"now

　　铁路基建投资的一再追加，或正是国家宏观调控大棋局中的一招儿。

Railway construction investment additional again and again,Or is the national macroeconomic regulation and control in a big game is enrolled.

　　由于今年年初，尤其是下半年以来整体宏观经济的不景气，中央政府再次祭出基建投资来拉动经济，铁公基（铁路、公路、基础设施）再一次成为投资的热土。

Because of earlier this year,Especially since the second half of the whole macro economic recession,The central government again offering out infrastructure investment to stimulate economic,Iron and base(railway/highway/infrastructure)Once again become a hot investment.

　　国家发改委官方网站9月5日下午集中公告了25个城市的轨道交通建设项目批复情况。

The national development and reform commission official website on September 5th afternoon concentrated announcement the 25 urban rail transit construction project approval conditions.

　　这些项目的实际批复时间自今年4月至8月，除江苏沿江城市群城际轨道交通网规划、内蒙古呼包鄂地区城际铁路规划投资额暂未公布外，其余23个项目总投资额超8400亿元。

The project actual time reply from April to August,In addition to jiangsu inter-city rail transportation network planning urban agglomerations along the river/Inner Mongolia call package hubei area inter-city railway planning investment temporary not released external,The rest of the 23 project a total investment of over 840 billion yuan.

　　除了上述轨道项目，国家发改委网站随后又陆续公布了13项地区公路工程项目，10个环保投资项目以及多个集装箱码头和航道的批复。

In addition to the above rail project,The national development and reform commission website and then released in 13 item area highway engineering project,10 environmental protection investment projects and multiple container port and waterway's reply.

　　粗略估计，这些基础设施建设项目的投资总规模在1万亿元以上。

roughly,These infrastructure construction project overall scale of investment in 1 trillion yuan of above.

　　北京交通大学经管学院教授赵坚表示，每次宏观经济不景气的时候，铁路作为基础设施建设中的大头都会从中受益，成为救市的急先锋，2008年全球经济危机波及中国之时，正是铁路建设规模大幅度井喷之日，铁路投资的规模从以前的几百亿一下子暴涨到几千亿元，在随后的2009年、2010年不断增长，直至达到8000多亿的极点。

Beijing jiaotong university professor collegue ZhaoJian said,Every time the macro economy time,Railway as infrastructure construction of big head will benefit from it,Become the pioneer to save the city,In 2008, the global economic crisis affected the China,It is railway construction scale greatly blowout of the day,The size of the railway investment from before suddenly jumped to thousands of yuan,In the next 2009 years/2010 years of continuous growth,Until 8000 the pole.

　　而铁路大规模投资带来的问题也随着出现，即铁道部负债率的不断升高，赵坚称，由于这些投资大多数靠银行贷款输血，并非是从国家财政预算内资金中拨出，因此铁道部最后还是要偿本付息。

And the railway large-scale investment presents a problem with appear,The ministry of railways is the rising debt,Zhao insists,Because these investment most depend on bank loans blood transfusion,Not from the state financial budget funds dial out,Therefore finally going to the ministry of railways claims this and interest.

　　铁道部2012年上半年财报显示，其负债率已为61.08%，较年初上升0.45个百分点。虽然目前铁道部的资产有4.13万亿元之巨。但由于近几年来铁道部大量上马的是高标准、高投资额的客专项目，这部分资产在铁道部的总资产中将占越来越大的比重，而这些客专资产收益率并不高，这将导致铁道部总资产当中结构性风险加大。

The ministry of railways in the first half of 2012 earnings display,The ratio is 61.08%,At the beginning of a 0.45% rise.Although at present the assets of 4.13 trillion yuan of the giant.But because the ministry of railways in recent years a large number of mounting is high standards/High investment guest designed project,This part of the assets in the total assets of the ministry of railways will account for the proportion of more and more,And these guest designed return on assets is not high,This will lead to the ministry of railways of total assets structural risk increase.

　　4个月投放2700亿元 Four months to put 270 billion yuan

　　据一位京沪高铁公司专家组成员介绍，目前全国的客专线路中，仅有京沪、沪宁等少数几条线路能够保本微利，而这还是在不算折旧的前提下才能实现。也就是说大部分客专线路都是亏本经营。这导致铁道部的经营状况每况愈下。受上述原因和整体宏观经济不景气导致铁路客货运量下降的影响，铁道部2012年上半年巨亏88.1亿元。

According to a beijing-shanghai high iron company expert group is introduced,At present the national passenger special line in the road,Only the beijing-shanghai/Huning and a few lines to break-even meager profit,And that is in the premise of not depreciation can be achieved.That is most of the passenger special line road are losing money management.This leads to the ministry of railways business situation worse and worse.By the above reasons and whole macro economic downturn led to railway passenger and cargo traffic volume decline influence,The ministry of railways in the first half of 2012 giant loss 8.81 billion yuan.

　　尽管如此，由于铁道部此前已经上马了大批项目，开弓没有回头箭，这些项目必须续建。

Even so,Due to the ministry of railways had already get on a lot of projects,At no HuiTouJian,These programs must continue.

　　在上述会议上，铁道部副部长卢春房表示，截至8月底，基建投资已下放2270亿元，也就是说今年剩下4个月，还需要投放2700亿元的资金，平均每个月将达680亿元，这将是个非常艰巨的任务。

In the above meeting,Deputy minister of railway, LuChun room said,By the end of August,Infrastructure investment already down 227 billion yuan,That left 4 months this year,Still need to put on the RMB 270 billion of funds,Average every month will reach 68 billion yuan,It will be a very difficult task.

　　随着这些资金的陆续下放，剩下4个月铁道部将陆续开通58条线路。

As these funds transfer to a lower level in succession,Four months left in the ministry of railways will open 58 line.

　　卢春房在上述会议上表示，今年计划竣工开通项目69个，开通新线5510公里，复线5008公里、电气化7125公里，其中客专项目开通新线2721公里，普速项目开通新线2789公里。

LuChun room in the meeting said,This year completed 69 projects in the opening of the plan,5510 km of new open,Multiline 5008 kilometers/Electrification 7125 kilometers,The guest only 2721 km of new project opened,PuSu project 2789 km of new open.

　　目前，计划年内开通的69个项目，已开通了汉宜铁路、龙厦铁路等11个，剩余58个项目将集中在今年后4个月开通。

At present,Plan years of the opening of the 69 project,Already opened han appropriate railway/LongSha railway and 11,Residual 58 project will focus on this year 4 months after opening.

　　中铁隧道副总工王梦恕表示，目前一线工地存在的最大问题即是资金拨付太慢，严重影响了工程的进度，由于工程队受了去年铁路工程大面积停工，业主单位拖欠大量工程款和材料款的教训，“现在下至工程队伍，上至我们这些工程局，都学乖了，不见兔子不撒鹰。如果上面资金不拨付下来，那工程也只能停下来，资金走到哪一步，工程干到哪一步。”

China railway tunnel vice general said in this case,At present a line site is the most problem is allocated funds too slow,Seriously affected the progress of the projects,Because by the railway engineering construction team last year large shutdown,The owner of the unit default project and material to the teaching of the paragraph,"Now down to engineering team,Up to us that these countries,Are dreads the,See the rabbit don't and eagle.If above funds allocated not down,The project also can only stop,Funds go where step,Engineering dry to which step."

　　针对上述情况，铁道部部长盛光祖在本月初召开的铁路建设推进座谈会上表示，要在千方百计筹措铁路建设资金的基础上，依法合规改进资金拨付办法，及时拨付施工企业相关费用，支持企业加大工程推进力度。

In accordance with the above case,The ministry of railways minister at the beginning of this month ChengGuangZu at the railway construction propulsion forum said,To leave no stone unturned to raise the basis of railway construction funds,Compliance improve capital in accordance with the appropriate measures,Timely appropriated construction enterprises related expenses,Support enterprise to increase engineering efforts.