The fundraising targets are far less extensive than those of the Three Gorges Fund. The amount of railway construction fund in China railway freight is huge, especially coal, which accounts for the proportion of the total freight volume, making the total amount collected in the past 23 years almost equal to 654.38+000 billion yuan.
The railway construction fund (excluding the part that is allowed to be charged as expenses according to regulations) is used as the national capital investment of the units using the railway construction fund.
The railway construction fund implements the financial budget and final accounts examination and approval system. The Ministry of Railways shall, before 12 and 10 every year, prepare the revenue and expenditure plan of the railway construction fund for the next year in accordance with state regulations, and implement it after being approved by the Ministry of Finance. For capital construction projects, the Ministry of Finance shall arrange expenditures according to the project plan approved by the planning department. Within 3 months after the end of the year, the final accounts of the railway construction fund of the previous year shall be compiled and submitted to the Ministry of Finance for approval. The format and preparation method of the budget and final accounts for raising and using railway construction funds shall be formulated separately by the Ministry of Finance in consultation with the Ministry of Railways.
The railway construction fund should be mainly used for large and medium-sized railway construction projects planned by the state and construction-related expenditures, mainly including: investment in railway capital construction projects; Purchase of railway vehicles; Debt service related to construction; Construction project fund; Pre-work expenses of railway survey and design; The registered capital of the joint venture railway; Working capital and other expenditures for construction projects approved by the Ministry of Finance.
The investment arrangement of railway construction fund construction projects should be handled in strict accordance with the relevant state regulations and procedures for capital construction management.
The collection, management and use of railway construction funds shall be subject to the supervision of finance, auditing and taxation departments; The local financial supervision offices of the Ministry of Finance are responsible for on-site daily supervision. Anyone who uses the railway construction fund for other purposes without the approval of the State Council and the Ministry of Finance shall be punished as violating financial discipline.