Research on the Development of Rail Transit Based on Cluster Analysis
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Analysis and Evaluation of the Beijing Metro Project Financing Reforms
Advances in Social Science, Education and Humanities Research, volume 291 International Conference on Management, Economics, Education, Arts and Humanities (MEEAH 2018) Analysis and Evaluation of the Beijing Metro Project Financing Reforms Haibin Zhao1,a, Bingjie Ren2,b, Ting Wang3,c 1Ministry of Transport Research Institute, Chaoyang, Beijing, China,100029; 2Beijing Urban Construction Design & Development Group Co., Limited, Xicheng, Beijing, China,100037; 3School of Civil Engineering, Beijing Jiaotong University, Haidian, Beijing, China, 100044. [email protected], [email protected], [email protected] Keywords: metro; financing; marketisation; reform Abstract. The construction and operation of a metro system are costly, and the sustainable development of a metro system is difficult using government funding alone, particularly for developing countries. The main source for metro system financing in China is, currently, government budget and bank debt. Many cities have begun to seek new ways to attract funds from finance markets, which is increasing the need for the evaluation of metro financing. This study uses Beijing as a case study that utilises various financing modes with impressive results. As participants of the financing reform, the authors collected all the relative government documents and interviewed stakeholders to accomplish this work. This article reviews the development of financing modes for the Beijing Metro system during the last four decades and analyses the role of the government in the reformed financing system within the Chinese social political environment. The study addresses the advantages and challenges of the reforms in this context. To further analyses the technical processes of typical financing modes, the public-private partnership mode of Line 4, the BT mode of Olympic Branch Line, the insurance claim mode of Line 10 and the failure of the market oriented financing for Capital Airport Line are analysed and evaluated in detail. -
Greentown China Holdings Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. GREENTOWN CHINA HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 03900) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 HIGHLIGHTS • Total contracted sales achieved RMB289.2 billion, representing a year-on-year increase of 43%; • 85 projects were newly added, with a total GFA of approximately 20.41 million sqm and estimated saleable amount of RMB328.8 billion, representing a substantial year- on-year increase of 60%; • Revenue amounted to RMB65.783 billion, representing a year-on-year increase of 6.8%; profit for the year amounted to RMB5.763 billion, representing a year-on-year increase of 46.5%; • Profit attributable to owners amounted to RMB3.796 billion, representing a year-on- year increase of 53.1%; • As at 31 December 2020, bank balances and cash (including pledged bank deposits) totaled RMB65.203 billion (as at 31 December 2019: RMB51.894 billion); net gearing ratio was 63.8%, which remained at a reasonable level; • Weighted average interest cost of total borrowings was 4.9%, representing a decrease of 40 bps as compared to 5.3% in 2019; • Basic earnings per share was RMB1.05, representing a year-on-year increase of 90.9%; the Board has recommended payment of a final dividend of RMB0.35 per share for the year ended 31 December 2020 (2019: RMB0.30 per share). -
Trams Der Welt / Trams of the World 2021 Daten / Data © 2021 Peter Sohns Seite / Page 1
www.blickpunktstrab.net – Trams der Welt / Trams of the World 2021 Daten / Data © 2021 Peter Sohns Seite / Page 1 Algeria ... Alger (Algier) ... Metro ... 1435 mm Algeria ... Alger (Algier) ... Tram (Electric) ... 1435 mm Algeria ... Constantine ... Tram (Electric) ... 1435 mm Algeria ... Oran ... Tram (Electric) ... 1435 mm Algeria ... Ouragla ... Tram (Electric) ... 1435 mm Algeria ... Sétif ... Tram (Electric) ... 1435 mm Algeria ... Sidi Bel Abbès ... Tram (Electric) ... 1435 mm Argentina ... Buenos Aires, DF ... Metro ... 1435 mm Argentina ... Buenos Aires, DF - Caballito ... Heritage-Tram (Electric) ... 1435 mm Argentina ... Buenos Aires, DF - Lacroze (General Urquiza) ... Interurban (Electric) ... 1435 mm Argentina ... Buenos Aires, DF - Premetro E ... Tram (Electric) ... 1435 mm Argentina ... Buenos Aires, DF - Tren de la Costa ... Tram (Electric) ... 1435 mm Argentina ... Córdoba, Córdoba ... Trolleybus Argentina ... Mar del Plata, BA ... Heritage-Tram (Electric) ... 900 mm Argentina ... Mendoza, Mendoza ... Tram (Electric) ... 1435 mm Argentina ... Mendoza, Mendoza ... Trolleybus Argentina ... Rosario, Santa Fé ... Heritage-Tram (Electric) ... 1435 mm Argentina ... Rosario, Santa Fé ... Trolleybus Argentina ... Valle Hermoso, Córdoba ... Tram-Museum (Electric) ... 600 mm Armenia ... Yerevan ... Metro ... 1524 mm Armenia ... Yerevan ... Trolleybus Australia ... Adelaide, SA - Glenelg ... Tram (Electric) ... 1435 mm Australia ... Ballarat, VIC ... Heritage-Tram (Electric) ... 1435 mm Australia ... Bendigo, VIC ... Heritage-Tram -
5G for Trains
5G for Trains Bharat Bhatia Chair, ITU-R WP5D SWG on PPDR Chair, APT-AWG Task Group on PPDR President, ITU-APT foundation of India Head of International Spectrum, Motorola Solutions Inc. Slide 1 Operations • Train operations, monitoring and control GSM-R • Real-time telemetry • Fleet/track maintenance • Increasing track capacity • Unattended Train Operations • Mobile workforce applications • Sensors – big data analytics • Mass Rescue Operation • Supply chain Safety Customer services GSM-R • Remote diagnostics • Travel information • Remote control in case of • Advertisements emergency • Location based services • Passenger emergency • Infotainment - Multimedia communications Passenger information display • Platform-to-driver video • Personal multimedia • In-train CCTV surveillance - train-to- entertainment station/OCC video • In-train wi-fi – broadband • Security internet access • Video analytics What is GSM-R? GSM-R, Global System for Mobile Communications – Railway or GSM-Railway is an international wireless communications standard for railway communication and applications. A sub-system of European Rail Traffic Management System (ERTMS), it is used for communication between train and railway regulation control centres GSM-R is an adaptation of GSM to provide mission critical features for railway operation and can work at speeds up to 500 km/hour. It is based on EIRENE – MORANE specifications. (EUROPEAN INTEGRATED RAILWAY RADIO ENHANCED NETWORK and Mobile radio for Railway Networks in Europe) GSM-R Stanadardisation UIC the International -
中國交通建設股份有限公司 China Communications
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國交通建設股份有限公司 CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1800) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019 FINANCIAL HIGHLIGHTSNote Revenue of the Group in 2019 amounted to RMB552,542 million, representing an increase of RMB63,876 million or 13.1% from RMB488,666 million in 2018. Gross profit in 2019 amounted to RMB69,131 million, representing an increase of RMB4,520 million or 7.0% from RMB64,611 million in 2018. Operating profit in 2019 amounted to RMB34,071 million, representing an increase of RMB750 million or 2.3% from RMB33,321 million in 2018. Profit attributable to owners of the parent in 2019 amounted to RMB20,094 million, compared with RMB19,819 million in 2018. Earnings per share for the year 2019 amounted to RMB1.16, same as that for the year 2018. The value of new contracts in 2019 amounted to RMB962,683 million, representing an increase of 8.1% from RMB890,873 million in 2018. As at 31 December 2019, the backlog for the Group was RMB1,999,086 million. The Board has proposed a final dividend of RMB0.23276 per share (tax inclusive) for the year ended 31 December 2019, subject to Shareholders’ approval. -
Rail Transit Development in Lagging Regions: a Development- Oriented Investment and Financing Approach
T J T L U http://jtlu.org V. 11 N. 1 [2018] pp. 1003–1024 Rail transit development in lagging regions: A development- oriented investment and financing approach Xiao Yu Haotian Zhong (Corresponding Author) Texas A&M University Texas A&M University [email protected] [email protected] Tao Zhou Yulin Zhou Chongqing University Chongqing University [email protected] [email protected] Abstract: Transportation infrastructure investment can play a signifi- Article history: cant role in promoting urban development. How can governments fi- Received: May 18, 2017 nance expensive rail transit investments and promote urban develop- Received in revised form: ment in lagging regions? This paper reviews a case in Chongqing, China, January 17, 2018 a municipality that proactively invested in rail transit development Accepted: March 15, 2018 through a mechanism of land value capture and guided rapid urbaniza- Available online: November 15, tion. We use path analysis to test the assumption that the rail transit 2018 system investment, which is directly linked to the amount of available Data availability: https://www.jtlu. government reserve land, was an important determinant in promoting org/index.php/jtlu/article/view/1235 urban development. We found that the availability of government re- serve land alone cannot promote urban development. However, building transportation infrastructure on government reserve land serves as the catalyst to foster urban development. We see this development-oriented investment and financing approach as promising for raising funds for rail transit investment in other lagging regions in the world. 1 Introduction Transportation infrastructure, as a special type of physical asset, serves economic, social, and political purposes. -
China Railway Sector
Industrials / China 9 January 2015 Initiation: rail plays to benefit China Railway Sector from urbanisation, overseas push Positive (initiation) • Railway construction and equipment companies stand to benefit Neutral from ongoing investment in HSR and urban rail transit market Negative • Zhuzhou CSR should be key beneficiary of CSR/CNR merger, increasing its market share substantially without paying the price • Our order of preference: Zhuzhou CSR , CSR, CRG, CRCC, CCCC How do we justify our view? urbanisation rate in China, and [3]) has less exposure to railway believe the urban transit market will construction. Local governments’ be a long-term earnings and share- high debt levels and weak land sales price driver for the sector. With could drag down investments in road China’s government’s aggressive and port projects to which CCCC has Brian Lam plans for SOEs to strengthen their high exposure. (852) 2532 4341 overseas businesses, we believe both [email protected] railway constructors and equipment ■ Catalysts makers will benefit handsomely by The 13th FYP is expected to be Kelvin Lau increasing their international announced in 3Q15.We estimate total (852) 2848 4467 presence, given their competitive railway FAI for 13th FYP to be greater [email protected] advantage in providing quality than that for 12th FYP. Better-than- products at a low cost. expected 2014 results and railway ■ Investment case FAI target for 2015E could be a near- ■ Recommendation We initiate coverage of the China term catalyst. Railway Construction and Railway We prefer the railway equipment ■ Risks Equipment Sector with a Positive makers over the railway constructors, rating. -
中國中車股份有限公司crrc Corporation Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國中車股份有限公司 CRRC CORPORATION LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock code: 1766) OVERSEAS REGULATORY ANNOUNCEMENT ANNOUNCEMENT IN RELATION TO SIGNING CONTRACTS This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. CRRC Corporation Limited (the “Company”) has entered into certain contracts for the period from January to March, 2019, with an aggregate value of approximately RMB50.23 billion. Details of such contracts are set out below: 1. Certain subsidiaries of the Company engaged in the multiple units (MUs) business have entered into contracts with relevant railway administration companies of China Railway Corporation (中國鐵路總公司下屬各相關路局公 司) in relation to the advanced refurbishment of MUs with an aggregate value of approximately RMB29.63 billion. 2. CRRC Changchun Railway Vehicles Co., Ltd. (中車長春軌道客車股份有限公 司), a non-wholly-owned subsidiary of the Company, has entered into contracts with Shanghai Railway Transit Line Fifteen Development Co., Ltd. (上海軌道交 通十五號線發展有限公司), Shanghai Railway Transit Line Seven Development Co., Ltd. (上海軌道交通七號線發展有限公司), Wuhan Metro Group Co., Ltd. (武漢地鐵集團有限公司), CET Harbin Railway Transit Co., Ltd. (中電科哈爾濱 軌道交通有限公司) and Nanjing Railway Transit System Engineering Co., Ltd. -
Global Link Communications Holdings Limited
股票編號:8060 Stock Code: 8060 http://www.glink.hk http://www.glink.hk 國 聯 通 信 控 股 有 限 公 司 Global Link Communications Holdings Limited 年 報 ANNUAL REPORT REPORT ANNUAL 國聯通信控股有限公司 國聯通信控股有限公司 Global Link Communications Holdings Limited Global Link Communications Holdings Limited (於開曼群島註冊成立之有限公司) 2017/18 (Incorporated in the Cayman Islands with Limited Liability) 2017/18 2017/18 年報 ANNUAL REPORT 年報 ANNUAL REPORT CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”) GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report. This report, for which the directors (the “Directors”) of Global Link Communications Holdings Limited (the “Company”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM (the “GEM Listing Rules”) of the Stock Exchange for the purpose of giving information with regard to the Company. -
Press Release
PRESS RELEASE Bombardier’s Chinese joint venture wins contract to provide 390 metro cars for Harbin Metro • New metro cars to improve urban mobility in Harbin, China’s largest provincial capital and winter holiday destination with 10 million residents • Uniquely designated as a local Sino-foreign joint venture supplying metro cars to China, CBRC has delivered 2,900 metro cars to the domestic and foreign market Berlin, September 7, 2020 – Global mobility solution provider Bombardier Transportation announced today that its Chinese joint venture, Changchun Bombardier Railway Vehicles Company Ltd. (CBRC), has signed a contract with CRRC Changchun Railway Vehicle Co., Ltd. (CRRC Changchun) to manufacture 390 metro cars for Harbin Metro Line 2 Phase 1 and Line 3 Phase 2. The contract is valued at approximately 1.2 billion CNY ($181 million US, 153 million euro). Bombardier Transportation owns 50 per cent of the shares in CBRC. Jianwei Zhang, Chairman of Bombardier China and President of Bombardier Transportation China, said, “We appreciate the trust from both Harbin Metro Corporation and CRRC Changchun, and we will deliver the cutting edge metro cars on time at quality and within budget despite the challenges of COVID-19.” He continued, “We are delighted that the CBRC JV has been integrated into the value chains of both shareholders CRRC Changchun and Bombardier Transportation, and as always, our goal is win-win results.” Since its establishment over 20 years ago, CBRC has delivered 2,900 reliable, safe and life cycle cost efficient metro cars for Shanghai, Guangzhou, Shenzhen, Beijing, Wuhan, Bangkok and Singapore. The 390 metro cars for Harbin Metro will be configured into 65 six-car trainsets with 216 cars planned to operate on Line 2; the 28.7 km, 19-station underground Phase 1 of Line 2 that passes through the city from north to southeast is scheduled to open in 2021. -
Quarterly Newsletter on GEF China Sustainable Cities Integrated Approach Pilot Project
June, 2019 Quarterly Newsletter on GEF China Sustainable Cities Integrated Approach Pilot Project Issue No. 4 Quarterly Newsletter on GEF China Sustainable Cities Integrated Approach Pilot Project June, 2019 Project Progress n World Bank q The TOD Workshop: International and Domestic Best Practices of Analysis, Planning and Implementation. During the May 15 workshop, five speakers from industry, academia and think thank shared their experience in planning and implementing TOD projects. Mr. Kitada Shizuo gave a keynote speech on the development of TOD in Japan in different urban contexts during the past few decades with detailed case studies. Mr. Hua Xie reflected on the business practice of TOD in mainland China from the private sector’s perspective. Prof. Pengjun Zhao conducted a comprehensive review of factors and techniques that jointly make TOD happen using solid empirical evidence. Mr. Zhaoyu Pan focused on the integration of public transit hubs and urban space and Mr. Liu Liu offered a new lens of analyzing physical environments in TOD communities using street view photos. This workshop was joined by MoHURD and the seven participating cities under this project as q On May 17,2019 a well as clients from Harbin dedicated training and Chuzhou that have a sessions on financial strong interest in TOD. management, STEP Very positive feedback was system operation received from all disbursement, and participants and there was procurement were strong demand for training held. Over 40 related events like this, which not personnel from only give the clients MoHURD and seven exposure to the most up- cities participated. to-date knowledge in the field but also an opportunity for them to come together and share knowledge and experience among themselves. -
China Railway Signal & Communication Corporation
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. China Railway Signal & Communication Corporation Limited* 中國鐵路通信信號股份有限公司 (A joint stock limited liability company incorporated in the People’s Republic of China) (Stock Code: 3969) ANNOUNCEMENT ON BID-WINNING OF IMPORTANT PROJECTS IN THE RAIL TRANSIT MARKET This announcement is made by China Railway Signal & Communication Corporation Limited* (the “Company”) pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). In November and December 2020, the Company has totally been awarded eight important projects in rail transit market, among which, four important projects are acquired from the railway market, namely the strong current and weak current integration construction of the Newly-built Guangzhou Baiyun Station (Tangxi Station) (BYZSG5 section) of Guangzhou Railway Hub with a tender amount of RMB202 million; the integrated procurement project in respect of the supporting electrical on-board equipment for the 350 km/h