The ministry was responsible for passenger services, regulation of the rail industry, development of the rail network and rail infrastructure in mainland China. The ministry was also in charge of the operations of China Railway which manages the railway bureaux and companies in mainland China.
On 10 March 2013, it was announced that the Ministry would be dissolved and its duties taken up by the Ministry of Transport (safety and regulation), National Railway Administration (inspection) and China Railway Corporation (construction and management), in part addressing concerns about calls for independent supervision of the rail industry.
On 10 March 2013, it was announced that the Ministry would be dissolved and its duties taken up by the Ministry of Transport (safety and regulation), National Railway Administration (inspection) and China Railway Corporation (construction and management),[1] in part addressing concerns about calls for independent supervision of the rail industry. The last minister was Sheng Guangzu.[2]
Rail bonds
MOR, acting as a corporation in the debt market, has sold 60 billion yuan of bonds in 2007.
For the year 2009, MOR planned to sell at least 100 billion yuan ($14.6 billion) worth of construction bonds to finance a large expansion of the country's rail network.[citation needed]
Railway bureaus and companies
The Wuhan Railway Bureau headquarters
There were 16 railway bureaux and 2 railway group companies under the Ministry of Railways. As of 2008, approximately 2 million people worked in the Ministry of Railways.[3][4]
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