China's rail network is to be broken up into at least five companies based on geography, reported China Economic Review.
Citing Hong Kong media, the magazine's web site reported the details of the plan would be discussed at the 17th Communist Party Congress this fall.
The rail network is currently split up into 16 bureaux under the Ministry of Railways with the Jinan Railway Bureau alone responsible for 2,793 kilometres of track and 334 stations in Shandong province.
Tariffs for cargo are expected to rise 20-50 per cent over the next two years, having hit 2.87 billion tonnes annually.
The ministry's bureaux are based around specially administered cities, including Beijing and Shanghai, as well as provincial capitals such as Jinan, Wuhan and Xian, reported Singapore's China Knowledge agency.
But a spokesman for the Ministry of Railways said he knew nothing of the reported break-up, reported China Knowledge.
Citing Hong Kong media, the magazine's web site reported the details of the plan would be discussed at the 17th Communist Party Congress this fall.
The rail network is currently split up into 16 bureaux under the Ministry of Railways with the Jinan Railway Bureau alone responsible for 2,793 kilometres of track and 334 stations in Shandong province.
Tariffs for cargo are expected to rise 20-50 per cent over the next two years, having hit 2.87 billion tonnes annually.
The ministry's bureaux are based around specially administered cities, including Beijing and Shanghai, as well as provincial capitals such as Jinan, Wuhan and Xian, reported Singapore's China Knowledge agency.
But a spokesman for the Ministry of Railways said he knew nothing of the reported break-up, reported China Knowledge.