Caixin OnlineFinance & EconomicsTop Stories Finance Questions Raised over Ministry of Railways' Debt amid Split
03.13.2013 18:07

Questions Raised over Ministry of Railways' Debt amid Split

New commercial branch will not have to assume all 2.66 trillion yuan worth of red ink, source says, but no one knows who will
By staff reporter Lu Bingyang

(Beijing) – The huge debt burden of the Ministry of Railways, which is to be split into two entities, would not be shouldered by the new commercial arm alone, a source from the ministry says.

This is because some of the debts were incurred as a result of the ministry providing public services, and it would be against the goal of restructuring to saddle the new business with liabilities of government nature, he said.

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