On the morning of May 24, 2012, the Ministry of Transport held the third regular press conference this year. Regarding private capital's participation in the transportation sector, Ministry of Transport spokesman He Jianzhong stated that at present, private investment is completely open in the field of highway and water transportation. The relevant laws, administrative regulations, and policies that have already been introduced guide the definition of private capital in the field of highway and waterway transportation from different perspectives. There are no prohibitions and restrictions.
He Jianzhong stated that for private capital to enter the transportation sector, it is open from three perspectives:
One is the construction of highway infrastructure. In fact, highways of all categories and grades have actually been opened to private capital; for example, the construction of toll highways utilizes investment and financing mechanisms such as “national investment, local financing, social financing, and utilization of foreign capitalâ€.
Second, in the aspect of waterway construction, coastal port construction mainly uses market-based means for financing, and private capital occupies a major position. In the eastern and central regions, private capital is also included in the construction of inland waterways, including the construction of waterways for public infrastructure, and some areas have absorbed it. A small amount of private capital entered.
Third, in terms of highway and waterway transportation, there are no differences in investment policies for private capital, state-owned capital, and collective capital, even in some areas, such as road freight, motor vehicle maintenance, taxi operations, car rental, domestic water transport, etc. Private capital accounts for the most part.
Further encourage private capital to enter the transportation sector
In order to implement the 36 new regulations promulgated by the State Council, the Ministry of Transport has newly issued the “Implementation Opinions on Encouraging and Guiding the Investment of Private Capital in Highway Water Transportationâ€. Compared with past policies and measures, this opinion has been optimized from four aspects. :
The first is to further open up the investment field. Encourage private capital to enter the transportation service sector and the emerging business areas of transportation. In the past, relatively more investment infrastructure was built, so in the future we will further encourage the investment in transportation services, including emerging business areas such as logistics.
The second is to highlight the transformation and upgrading of the transportation industry and structural adjustment in the investment focus. It encourages private capital to invest in infrastructure construction and guides private capital to fully participate in the maintenance, operation and management of infrastructure.
The third is to further improve the private investment environment in investment services. Emphasis on improving administrative approval methods, based on the expansion of online examination and approval, optimizing the examination and approval process, further improve the communication and contact mechanism with private investment entities, improve the investment policy information release system, improve the intermediary service system, and further standardize the charging behavior of enterprises involved.
The fourth is to open up investment management and strengthen supervision at the same time, urge private capital investment entities to strictly abide by laws and regulations, operate in accordance with the law, be honest and trustworthy, and perform corporate social responsibilities at the same time.
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