Formed 1954 Jurisdiction Mainland China | Dissolved March 2013 | |
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Preceding agencies Ministry of Railways of the Central People's Government (1949–54)Ministry of Transport of the People's Republic of China (1970–75) Superseding agencies Operator: China Railway CorporationRegulator: National Railway Administration (国家铁路局) under the Ministry of Transport | ||
The Ministry of Railways (MOR) was a ministry under the State Council of the People's Republic of China. The last minister was Sheng Guangzu.
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The ministry was 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 was also in charge of the operations of China Railways which manages the railway bureaux and companies in mainland China.
On 10 March 2013, it was announced that the Ministry would be dissolved and its duties taken up by China Railway Corporation (construction and operation), and the National Railway Administration under the Ministry of Transport (regulation and inspection).
History
The Ministry of Railways' predecessor was the Qing and the Republican Ministry of Posts and Communications.
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.
Regional railway bureaus and companies
There are 16 regional railway bureaux and 2 railway group companies under the Ministry of Railways. As of 2008, approximately 2 million people work in the Ministry of Railways.