Freight rates on the Huaichi railway line will be decided by investors and users, making it the first in the country to adopt market pricing, China Securities Journal reported Wednesday, citing the National Development and Reform Commission (NDRC). The 180-kilometer railway, which connects Inner Mongolia and Shanxi province, is under construction and will be mainly used for transporting coal. It is a joint venture between coal producer Shenhua Group and local firms, the report said. The NDRC has changed its role in rail freight pricing from setting rates to suggesting price levels.
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