Company News
JIC Leasing Supports the Construction of a Road-to-Rail Project by Providing Financial Leasing Services
JIC Leasing recently provided financial leasing services to a Chinese rail transportation enterprise, in order to support its construction of a smart logistics park along one of its railway lines. The smart logistics park is expected to promote the road to rail transformation for bulk commodity transportation, improve the green collection and distribution system for bulk commodities (a platform and link connecting multiple transportation modes), and help achieve Carbon Peak and Carbon Neutrality.
The transportation sector is one of the main sources of greenhouse gas emissions. Road freight vehicles account for the highest proportion of emissions, while the carbon emissions of domestic road freight vehicles took up more than 60% of carbon emissions caused by transportation in 2020. The transportation sector in China is still in a stage of rapid development, and the demand for increased transportation will continue to show significant growth for a long time to come. The energy consumption intensity per unit of freight turnover of rail transportation is 1/7th that of road transportation, while the pollutant emission intensity is only 1/13th. The “road to rail” model will not only reduce urban congestion, but will also decrease carbon emissions in the transportation sector, thus saving on the consumption of non-renewable petrochemical resources. Constantly optimizing the transportation structure, and promoting the realization of “road to rail” transportation for bulk commodities is one of the most effective ways of realizing Carbon Peak and Carbon Neutrality.
This Rail Port Smart Logistics Park Project has a total planned land area of 678 mu (about 45.2 hectares) and an estimated total investment of RMB 1.55 billion. Special railway lines will be constructed and connected with the railways managed by the lessee. In the future, the project will be used to transport bulk commodities such as coal, steel, metal ores and chemicals throughout the region. The short-term and long-term freight volume is estimated to be 3.15 million tons/year and 9.4 million tons/year, respectively, converting 45% and 95% of short-term and long-term road freight volume in the region. The implementation of the project will be of great significance to the adjustment of the regional transportation structure and the implementation of the regional “road-to-rail” plan.
JIC Leasing will continuously increase its support for green and low-carbon development, assist in the transformation and upgrading of green and low-carbon industries through financial services, and support enterprises in cost reduction efforts, efficiency improvement, energy conservation and emissions reductions, thus contributing towards Peak Carbon and Carbon Neutrality goals.