Date
17 August 2017

Govt on brink of freight pricing revamp, paper says

The central government’s role in rail freight pricing could change from setting rates to simply suggesting levels if an industry proposal is endorsed by the National Development and Reform Commission, China Times reported Wednesday, citing an unnamed person close to China Railway Corp. The proposal, which could come into effect this year, also calls for a national subsidy for rail passenger pricing. According to an unnamed analyst in the commission, the reasonable price for rail freight is between 14 and 16 fen per metric ton per kilometre. Some industry insiders said there might be an increase of at least 10 percent in February or March, the report said.

– Contact HKEJ [email protected]

TL/AC/SK

 

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