Beijing: China's earliest subway is expected to turn a profit

Beijing: China's earliest subway is expected to turn a profit

Starting from 2013, during the working day, the passenger traffic of more than a dozen lines of the Beijing subway network is more than 10 million. For office workers who choose to travel by subway, this is not an easy journey.

"Xiaokang" reporter Han Jing

If the Spring Festival is the largest annual migration of Chinese people, then for the Beijing Subway in the morning and evening peak hours, it is a Spring Festival every day. The daily traffic of 10 million passengers means that at least 5 million people travel in the city by subway.

According to the data released by the Beijing Metro Group, the total passenger flow of the Beijing Subway reached 3.66 billion in 2016, which is equivalent to the total population of 2.6 China (1.4 billion) and half of the world (7.26 billion). Based on this, the Beijing Metro has also become the world's busiest subway, directly catching up with the earliest built Tokyo Metro in Asia, New York, London, Paris, Moscow and other old metro cities.

However, in the case that the rail transit network of almost all cities in the country is at a loss, individual lines such as Beijing Metro Line 4 and the airport line have achieved profitability. It is understood that under the subsidy stipulated by the PPP agreement, the Beijing-Hong Kong company operating the Beijing Metro Line 4 will be profitable from the first year. The profit of Beijing-Hong Kong company mainly comes from two aspects, one is the efficient management and cost control within the company; the other is the unexpected increase in the amount of passenger traffic.

"City on the subway"

From the apple orchard in the west to Sihuidong in the east, Beijing Metro Line 1 is the earliest subway line in Beijing. It has been accompanied by the capital for 48 years. It was originally prepared for military strategic defense and air defense (from Gaojing Station in the west to Lixin in the east). station). Wang Mengshu, an academician, tunnel and underground engineering expert who once participated in the construction of Beijing Metro Line 1, said that as early as September 28, 1953, according to Mao Zedong’s instructions, the Beijing Municipal Committee of the Communist Party of China began the planning of the Beijing subway. Specialized Soviet experts were hired for planning.

On September 11, 1981, through the expert appraisal, the first phase of the Beijing Subway project was officially accepted and approved by the state. After 10 years of trial operation, the Beijing Subway was opened to the public and managed by the Beijing Metro Operation Company. Now with the rapid development of rail transit, the number of Beijing subway lines has been developed from the first line 1, line 2, line 4 to the current line 19, and the criss-crossed subway lines are no longer only The city of Beijing is meaningful, its tentacles extend to the hinterland of the Beijing-Tianjin-Hebei region, and the subway has become the main link between the “Twin Cities” and the development of the Beijing-Tianjin metropolitan area. More and more people have broken through the region. Boundaries, the realization of the "common city" of work, life, leisure, home ownership and consumption.

The 32-year-old Zhou Hua is a typical “dual city” in the Beijing-Tianjin metropolitan area. In the past two years, Zhouhua’s daily commuter route has started from Beijing Metro Line 10. After switching to Line 1 and Line 4, it will take Tianjin and Tianjin Intercity High Speed ​​Rail to arrive in Tianjin. The subway and high-speed rail, which are well-connected and seamlessly connected, have struck the life of Zhou Hua and the Beijing-Tianjin twin-employed office workers. Now, in order to make these "migrant birds" office workers more and more fast to and from the intercity, "Beijing-Tianjin-Hebei on the track" is accelerating, and Beijing Municipal Transportation Commission member Jun Jun said that by the end of 2017, the single subway project The Beijing-Tianjin-Hebei citizens are expected to realize the "one-card" subway ride, which will undoubtedly resolve many geographical restrictions encountered in the life of people living in the Beijing-Tianjin-Hebei metropolitan area. However, compared with the inconvenience caused by geographical restrictions, another more realistic consideration in front of the subway family is that the subway line is getting more and more dense, and there are more and more people crowding the subway.

To this end, the government is also desperately chasing the growth rate of the population and vigorously developing rail transit. According to Beijing's “13th Five-Year Plan” infrastructure plan, the operating mileage of the Beijing subway will increase to 900 kilometers in the next five years, and the density of subway stations in the core area will increase. The coverage rate of the central city subway station will reach 90%. It is estimated that by 2020, Beijing will need to invest 400 billion yuan for the construction of rail transit network, and by 2020, the density of subways in central Beijing will be close to Paris, Tokyo, New York and other big cities. By then, Beijing will become the most densely populated city in the world, and the changes in the city will be more earth-shaking.

Subway cover property

Of course, the subway brings more convenience than travel. As the “underground gold line”, where the subway goes, the flow of people, logistics, business and information flows efficiently, and the entire city's wealth function conversion is upgraded. Among them, “Metro Capped Property” has become the most efficient form of urban property conversion in Beijing with the most development potential, the most practicality and the strongest traffic capacity. Its radiation capacity is far stronger than that of traditional central area.

"Xiaokang" reporters found that in the most typical subway superstructure in Beijing, the Oriental Plaza and the International Trade Center, its economic volume and commercial growth rate are faster than other businesses, especially the Oriental Plaza, which has been called by the outside world. It is the first truly shopping mall in Beijing with an investment of 2 billion US dollars and a total construction area of ​​800,000 square meters. It is the largest commercial building in Asia and the rare multi-purpose commercial city in the heart of Beijing. The success of Oriental Plaza, “land” is one of the most important reasons: it is located in the central block of Jinjie, at the foot of Metro Line 1 and Metro Line 5.

In addition, the subway passage of the Beijing International Trade Gemini Tower has enabled the Gemini Tower, Chang'an Street and Metro Line 1 to be connected to the underground. The underground passage business and the Gemini Shopping Center have been closely integrated to form a fully functional metro commercial circle. This further enhances the value of the office building in the Gemini Tower, as does the Golden Land Center and the China Central Place.

Beijing real estate marketers said in an interview with Xiaokang reporter that in recent years, the “Metro Economy Concept” has become one of the most attractive selling points in the real estate industry in recent years, especially in the adjacent subway. Because of its superior location, the value of the house can also be multiplied. “The subway not only eased the traffic pressure in the central area of ​​the city, but also dispersed the overcrowded population in the city center, and greatly narrowed the distance from the suburbs, which enhanced the psychological acceptance of buyers. Many citizens did not hesitate to turn their eyes. In suburban areas with excellent environment and good air, Tiantongyuan, Huilongguan and Daxing Huangcun, such as Beijing, have achieved regional value upgrades due to the accessibility of the subway. Therefore, the cake of the subway economy benefits all parties."

Ending a single investment model and hope to reverse the loss situation

Experts believe that the construction of urban rail transit must have a certain amount of passenger flow, no passenger flow, the comprehensive development of land along the basis of passenger flow, commercial development of advertising, etc. will be difficult, so that local governments may be burdened with heavy Financial pressure.

"Xiaokang" reporter learned that at present, local finance is still the main source of urban rail transit construction funds, and other shortage funds are mainly realized by bank loans. In many cities, funds are difficult to get in place once, even like Beijing. Such a city with strong financial resources must also bear a lot of financial pressure. In order to differentiate the pressure brought by the financial, Beijing Jinggang Metro Co., Ltd. (referred to as Jinggang Metro) and representatives at the signing ceremony of the Beijing Metro Line 4 project "Concession Agreement" and "Asset Lease Agreement" on April 12, 2006 The Beijing Municipal Government’s Municipal Transportation Commission and Beijing Metro Line 4 Investment Co., Ltd. signed two agreements. According to the agreement, Beijing-Gangzhou Metro will receive a 30-year franchise for Beijing Metro Line 4.

The signing of the agreement means that Beijing Metro Line 4 will be the first project in the construction of urban rail transit in China to be jointly invested by the public-private partnership model (referred to as PPP model), which was a new exploration in the domestic rail transit field. Previously, the earliest lines in Beijing were government monopolies.

By 2016, the Beijing Municipal Transportation Commission announced that the new line of Metro Line 16 also adopted the same PPP model in 2005. The investment fund of 15 billion yuan that should have been paid by the government was shared by social assets. At the same time, with the overall development of the Bei'an River section of the section of the railway section passing through the area, the picturesque West Hill has added a new plot of 300,000 square meters.

This has also become the first line in Beijing to introduce financial investors' investment through equity financing. The scale and mode of funds have once again created a precedent in China; the comprehensive development of the joint maintenance library has also set a precedent. 11 years later, the amount of investment and financing on Line 16 has tripled from the previous 4.6 billion yuan, attracting 15 billion yuan. “Composite investment and financing model has effectively alleviated the pressure on government investment.” Yang Yu, general manager of Beijing Capital Investment Infrastructure Business Development Department, said that rail transit construction, Beijing is actually not short of money, “but this investment and financing model can be more effective. Clearly define the relationship between government and enterprises, promote fair competition among enterprises, and improve service levels.

Editor / Zhang Yurong

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