Ministry of Railways (China)

The Ministry of Railways of the People's Republic of China (Chinese: 中华人民共和国铁道部 Hanyu Pinyin: Zhōnghuá Rénmín Gòng hé guó Tiědào Bù) is a member of the State Council of the People's Republic of China. The current minister is Sheng Guangzu.

The ministry is responsible for passenger services, regulation of the rail industry, development of the rail network and rail infrastructure in mainland China, though in light of recent accidents, there have been calls to institute independent supervision of the rail industry.

The ministry is also in charge of the operations of China Railways which manages the railway bureaus and companies in mainland China.

Rail bonds

MOR, which acts as a corporation in the debt market, having sold 60 billion yuan of bonds in 2007.

For the year 2009, MOR plans to sell at least 100 billion yuan ($14.6 billion) worth of construction bonds to finance a large expansion of the country's rail network.

Railway bureaus and companies

There are 16 railway bureaus and 2 railway group companies under the Ministry of Railways. As of 2008, approximately 2 million people work in the Ministry of Railroads.

List of ministers

See also

• Ministries of China
• Beijing Railway Museum

References

External links

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