Asian Development Bank Stock Market Press Releases and Company Profile

Manila, Jan 29, 2007 AEST (ABN Newswire) - Asian Development Bank (ASX: ATB) is assisting the People's Republic of China (PRC) to develop more efficient and viable passenger railway systems, through a technical assistance (TA) grant of US$600,000.

The Government has identified railway development as a priority and envisages expanding the rail network from 75,000 kilometers in 2004 to 100,000 by 2020. To improve operational efficiency, the Ministry of Railways (MOR) is planning to separate passenger and freight trains on key rail corridors, given that increasing urbanization and high economic growth rates are pushing up the demand for passenger transport.

Under the TA, a team of international and national experts will review current practices in the country, research international experiences, and recommend actions to help MOR manage rail passenger operations more efficiently.

"Even though China's railways in recent years have made significant progress, they are unable to meet increasing demand for passenger transport," says Manmohan Parkash, an ADB Senior Transport Specialist.

"MOR has an ambitious plan to develop 12,000 km of dedicated passenger rail network by 2020. This is a new concept for the country requiring a different kind of management and planning than it is accustomed to."

The method, basis, process and planning for train operations on a dedicated passenger network as well as other operating issues are different from those of conventional railways lines. Safety, reliability and punctuality are key parameters to decide the number of trains that can run between destinations. Other concerns are the viability of passenger operations and the supply of support services, such as passenger amenities, stations, and information and reservation systems.

The estimated total cost of the TA is $780,000, or which MOR will finance about $180,000 in counterpart staff and facilities. MOR is the executing agency for the TA, which is due for completion around the end of September 2007.

Contact

Tsukasa Maekawa
Email: tmaekawa@adb.org
Tel:+632 632 5875; Mobile: +63 918 939-9059

Graham Dwyer
Email: gdwyer@adb.org
Tel:+632 632 5253; Mobile: +63 920 938-6487


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