Key Elements and Implementation Paths of Comprehensive Land Development for Local-dominated Railway Construction Projects

[Objective] To implement the spirit of national policies and support the sustainable development of railways, railway investment entities have vigorously promoted comprehensive land development by signing framework agreements with local governments, demarcating the land to be developed and agreeing on cooperative development. However, due to those projects not being implemented yet, it is necessary to take local railway investment entities as the research object and explore ideas for promoting the implementation of comprehensive land development. [Method] Drawing on the experiences of foreign railway companies in promoting comprehensive land development, and based on an analysis of the current situation and problems of local railway investment entities in China in terms of promoting railway comprehensive land development, the key elements for the implementation of local-dominated railway comprehensive development projects are studied and proposed, and the implementation paths for railway comprehensive land development are explored and established. [Result & Conclusion] The key elements for local railway investment entities to promote the implementation of comprehensive land development of railways are as follows: the support policies issued by local governments should be operable, the design of project planning schemes be rational, and the construction of project development models be innovative. In terms of the implementation path, local railway investment entities should communicate with local governments, urging them to introduce supporting policies for the implementation of comprehensive land development in local-dominated newly-built railway projects. Local railway investment entities are required to establish a diversified loss compensation mechanism, conduct hierarchical and classified sorting of projects for the signed comprehensive development agreements, classify project development types, and implement specific project development paths through processes such as government liaison, line-by-line promotion, cooperation negotiations, feasibility study and project approval, as well as business negotiations.