Guangxi to Invest 100 Billion Yuan to Build "12310" High-Speed Rail Economic Circle

        The reporter recently learned from the Guangxi Zhuang Autonomous Region government that in the coming years Guangxi will maintain an annual investment scale of about 30 billion yuan. By 2020, a "12310" high-speed rail economic circle centered on Nanning will be created, achieving "high-speed rail access to every city."
Guangxi proposes to first complete a "123" rapid railway network centered on Nanning by 2015, namely reaching cities surrounding Nanning within 1 hour, other prefecture-level cities within Guangxi within 2 hours, and neighboring provincial capitals within 3 hours; by 2020, it will further reach the goal of accessing major domestic central cities within about 10 hours, ultimately forming a "12310" high-speed rail economic circle centered on Nanning.
At present, multiple high-speed rail or railway upgrade projects within Guangxi are being implemented promptly. In 2014, two projects including the Nanning-Guangzhou Railway and Guiyang-Guangzhou Railway will be completed and put into operation; in 2015, two projects including the Nanning-Baise section of the Yunnan-Guangxi Railway and the electrification renovation of the Liuzhou-Nanning section of the Hunan-Guangxi Railway will be completed and put into operation. In 2015, multiple railway projects will also be newly started, including the Liuzhou-Zhaoqing (Wuzhou) Railway and the Guiyang-Hechi-Nanning Rapid Railway.
According to the introduction, for a period in the future, Guangxi will take maintaining and expanding the scale of railway construction investment as an important task, grasp it firmly, and ensure completion of 15 billion yuan of investment in 2014, strive to complete 20 billion yuan, and maintain an annual investment scale of about 30 billion yuan in the coming years.
Preliminary estimates indicate that by 2025, cumulative investment in Guangxi railway construction will reach approximately 400 billion yuan, and it is estimated that Guangxi will need to provide more than 100 billion yuan in supporting capital. For this reason, Guangxi will deepen the reform of the investment and financing system and raise construction funds through multiple channels and methods.
While seeking central financial support and increasing investment from the autonomous region's own finances, Guangxi will fully utilize the Guangxi Border Financial Comprehensive Reform Pilot Zone to strengthen financial service functions, innovate financing methods for high-speed railway construction, innovate profit models, explore investment and financing methods with enterprises as the main body and capital as the link, encourage social capital to enter the construction and operation of comprehensive transportation hubs, form a diversified investment and financing pattern, and establish stable railway investment and financing channels.