Chapter 75 Arterial Construction
PS: Celebrating the achievement of three thousand votes
A few days ago, the second payment of the second batch of ships was also received, and Jin Batian was relieved. You should know that someone’s reputation in terms of money is not particularly good. Although Jin Batian doesn’t care so much about how much money, no one wants to be cheated, right? Now there is really more than 100 million yuan in the book, Jin Batian doesn’t know how to spend it. This money can buy land to be a landlord in the entire Bada Hutong area in Peking (you can’t change the place).
This morning’s breakfast was millet porridge and buns. The buns were filled with thin skin and large fillings, and they were filled with oil. The pure northern meat buns were made of pure northern meat buns. Jin Batian has developed a habit in the morning to eat, drink porridge and read newspapers. When he was happy, he sometimes even recited it to Mingxi, Xiaoju and Xiaozhu. As for Valme and Melia who were eating together, they did not have the habit of reading newspapers - they were both used to reading their own opinions.
"Well, this is good." Jin Batian picked up a piece of thought and said: "Industry is the heart of the country, railway is the artery of the country...the artery of the country, artery."
After silently reciting the arteries of the country, Jin Batian finally remembered how this money should be spent, that is, building railways. It would be fine if the railway was not in operation in the previous life, but in this life, he would have to be a railway tycoon to play. The investment in building railways is high and the return time is long, but in the long run, this is a stable and plain business, at least it is better than buying land and renting (you have to rely on God to appreciate the face of buying land and renting).
After putting away the newspaper, Jin Batian began to concentrate on his meals.
Mingxi asked, "Did the master think of something?"
"A little bit, we used to say that we only had the Great Wall, but now we have the Thousand Mile Railway, but this little railway is not enough. Since the Thousand Mile Railway is not enough, let's build another tens of thousands of miles of railway until it's enough." After Jin Batian said that, he looked confused and said to himself that I was talking to a woman about the country's affairs.
Seeing that Valme and Melia had finished eating, Jin Batian took two buns: "Valme, prepare the car and go out. Go to the Bank of Communications."
At this time, the bank's banknotes were able to be cashed out, and a large part of them was supported by the confidence of the tens of thousands of kilometers of railways built by the Bank of Communications. Companies like the railway company are simply vassals of the Bank of Communications. In the end, they had to find the Bank of Communications when talking about railway construction.
Now the person in charge of Peking is Li Ping, the president of the Beijing Branch of the Bank of Communications. The head office has moved to Nanjing since the Northern Expedition. I heard that someone wanted to invest in the railway and asked someone to invite Jin Batian to the reception room. When he saw a young man, the president thought he had been fooled again. So many people knew the importance of the railway, but several people knew that the railway was paved with silver dollars.
Li Ping asked: "Sir, knowing that the importance of railways is good, but do you know the cost of railways?"
Jin Batian shook his head: "I don't know."
Li Ping said: "According to the Pinghan Line, each kilometer of railway costs more than 90,000 yuan. The Pinghan Line and the branch line are more than 1,300 kilometers long, which costs equivalent to 117 million yuan of the ocean."
"A hundred thousand yuan per kilometer is not cheap, so I will build a thousand kilometers first."
Li Ping's chin almost fell on the table: "You have 100 million yuan."
Jin Batian took out a passbook worth 100 million yuan (of course there is not only this one): "It exists in your bank, and it arrived a few days ago."
"Good tea." Li Ping calmed down after reading the passbook: "Mr. Jin, in fact, your money is enough to build a railway of more than 3,000 kilometers."
"How to say, I have to control the equity."
"Look, there are countless big rivers in the middle of the Pinghan Railway, and more than 100 railway bridges are built over 20 meters. It can be said that the high cost of the Pinghan Railway is also an exception in the railway. If ordinary railways do not use so many bridges, the cost is much lower, and the cost per kilometer is about 30,000 to 40,000 yuan.
As for equity issues, you can be completely relieved that the exploration and operation costs of our railway companies only account for 12% of the shares. You can completely sell railway bonds or stocks from Bank of Communications to the public while retaining most of the shares. In this way, how can your 100 million yuan be unable to build a three thousand kilometers of railway?"
After listening to the president's analysis, Jin Batian felt that there was no problem in building three to four thousand kilometers of railways for this 100 million yuan. Then there was the problem of the railway line. The foundation of the Bank of Communications was naturally willing to build a railway network in the north. Moreover, the south was densely covered with water networks, and the financial pressure on building bridges was too great.
After some negotiations, some railway routes that have been completed in exploration have been completed due to lack of funds, such as Tongpu Line, Pingtai Line (Peking Taiyuan), the western section of Longhai Line, Taijiao Line, Pingji Line, Jinbao Line, Zhengde Line and other railways. These railways and branch lines are more than 3,000 kilometers long. It is planned to use railway stocks to raise 50 million yuan of funds. In this way, after Jinbatian maintained most of the shares, they also built a large number of railways. (In the agreement, the railway company should give priority to the purchase of steel provided by Jinbatian when the quality and price are the same)
This big fish fell into the water, and the railway market caused a sensation. In order to let the railway companies start construction first, local governments publicly supported the railway construction to pull out the bandits who were eating in prison and formed one railway construction corps after another. Of course, the railway construction corps composed of bandits is extremely cheap, probably just for slaves, just three meals a day to fill up, and give them a few copper pocket money after doing it.
In the past, railway companies were always waiting for the funds to be in place. This time, it was rare to be generous. They also let go of their hands and feet and announced that all sections of railways should start construction at the same time. The construction was started, but the first thing they did was not laying the railway tracks but demolishing along the road. The highlands should be leveled, the depressions should be leveled, the holes should be opened when they encountered mountains, the bridges should be built when they encountered water, and the rail sleepers and other things were also under intense preparation.
Looking at the accounts, Jin Batian was also very distressed: "This railway is really costing money like flowing water."
Prepare materials in advance and demolition compensation is the big deal. The labor costs behind are actually very low compared to the railway construction cost.
The good news is that several railway stocks were sought after after they were listed in Shanghai and Peking. Several railway stocks worth 20 million yuan were swallowed before they even got splashed. In addition, the railway bonds and railway stocks issued in the past were also slightly bullish (if we can't buy new stocks, we have to drink some soup, right?).
The remaining 30 million yuan of new shares of each railway are not directly put on the market. These stocks are collected at par by relevant departments or individuals before they are listed. (Everyone understands that Zhongtian’s special interests are all affected)
The real major shareholder is Jin Batian, who owns nearly 60% of the shares. The money is also spent, just waiting for the dividends to be distributed every year after the railway is operated.
Chapter completed!