Economic Daily - China Economic Network, Beijing, October 17 (Reporter Xiong Li) The National Development and Reform Commission recently approved the "Letter on Submitting the Feasibility Study Report of the New Shanghai Suzhou Huzhou Railway" issued by China Railway Corporation and the people's governments of Shanghai, Jiangsu, and Zhejiang provinces, and the "Letter on Supplementary Submitting the Feasibility Study Report of the New Shanghai Suzhou Huzhou Railway" issued by the General Office of China Railway Corporation, Agree to build a new Shanghai Suzhou Huzhou Railway to improve the transportation network layout in the Yangtze River Delta region and promote the integrated development of regional economy and society.

The line starts from Shanghai Hongqiao Station, passes through Suzhou City, Jiangsu Province, and ends at Huzhou Station, Huzhou City, Zhejiang Province. The total length of the main line is 163.54 kilometers, with 6 stations, including 4 newly built stations. The conditions for setting up the Huzhou East Station and connecting lines towards Hangzhou are reserved. The Shanghai hub will set up a connecting line to lead to the Shanghai South Railway Station, and the common speed facilities of the Shanghai South Railway Station will be relocated to the Songjiang South Railway Station. The existing Songjiang section of the Shanghai-Kunming Railway will be reconstructed simultaneously.

The total investment of the project is 36.795 billion yuan, including 35.625 billion yuan of engineering investment and 1.17 billion yuan of purchase cost for multiple units. Among them, the existing Shanghai-Kunming Railway Songjiang Section Reconstruction Project (including the relocation of freight facilities to Shihudang Station) has an investment of about 3.49 billion yuan, which is funded by the Shanghai Municipal Finance. The remaining investment is 33.305 billion yuan, with a capital of 16.985 billion yuan, and the railway company contributes 5.11 billion yuan, using its own funds to solve the problem; Shanghai City contributed 6.585 billion yuan (including 5.565 billion yuan for land acquisition and demolition costs), which is arranged by Shanghai Municipal Finance; Jiangsu Province contributed 3.14 billion yuan (including 1.77 billion yuan for land acquisition and demolition costs), which was arranged by the finance of Jiangsu Province and Wujiang District, Suzhou City; Zhejiang Province contributed 2.15 billion yuan (including 1.15 billion yuan for land acquisition and demolition costs), which was arranged by the finance of Zhejiang Province and Huzhou City. The cost of land acquisition and demolition shall be included in the local shares of the project after being approved by all parties to the project in accordance with the relevant regulations of the state and local government. The parties to the investment shall increase their capital and shares in the Shanghai Hangzhou Passenger Dedicated Railway Company and adjust the share ratio accordingly. Domestic bank loans are used for funds other than capital funds.

In the approval, it is pointed out that all parties' contributions should be implemented in strict accordance with the requirements of the approval. If local government financial funds are involved, they should be included in the local financial budget expenditure plan on an annual basis, and a sustainable and stable mechanism should be established to ensure that project funds are in place in full and on time; The project financing mode and funding source shall not be arbitrarily adjusted, and it is strictly prohibited to substitute debt funds for financial contributions to effectively prevent local government debt risks.