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Railway ministry denies report on reform plan

(Xinhua)

08:10, June 18, 2012

BEIJING, June 17 (Xinhua) -- The Ministry of Railways on Sunday denied a media report on its reform plan, calling it "pure rumor".

Recently, the Economic Observer newspaper reported that the ministry is considering establishing three corporations to run investment, construction and operation businesses separately.

The three new companies will be overseen by the State Assets Supervision and Administration Commission, while the ministry will be in charge of the railway industry supervision and the formulation of railway regulations and policies, the report said, adding that the ministry will release its reform plan in October.

The publicity department of the railway ministry dismissed the report as rumors, saying the ministry reserves the right to take legal action.

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