Holy Roman Empire

In July 1856, the Vienna government officially implemented the "lock-in plan". The government increased infrastructure investment and publicly invited tenders.

At the same time, the railway network has begun to be re-planned. Almost every city has planned railway lines and then tendered.

This time, not only domestic railway companies can participate, overseas railway companies can also participate in the bidding without any investment restrictions.

It is still the old rule that only one railway line is authorized to one railway company. Duplicate construction is not allowed to waste resources and satisfy everyone's desire to monopolize operations.

It looks very nice, the premise is that the railway company must start on time and complete on time, if you ca n’t, you are ready to cry!

According to the new plan, once the construction of the railway network is completed, the total railway mileage of the new Holy Roman Empire will reach a staggering 97,000 kilometers.

At present, the total national railway mileage is only 15,800 kilometers, and the number of railway projects under construction is only 32,100 kilometers, which is now almost doubled.

Considering that some of the newly planned railway routes are too biased and it is difficult to make a profit, in order to attract investors, the Vienna government has also promised to permanently exempt the remote sections from tax.

The good news is that ordinary investors can do it. Smart people know that this is just a tempting picture cake. But who cares so much in an era of market frenzy?

Smart people know that whether the project is successful or failed in the end, they can make money from it as long as they do not become the final bidder.

Although all Austrian railway companies have not made a profit, railway stocks have been bullish all the way, very optimistic about the capital market.

At present, all the railways that are open to traffic are profitable. This has caused many people to think that railway companies are stable and uncompromising sales, especially that Austrian railways can monopolize operations.

On the bidding project, the Vienna government is also bragging about, for example, the current economic development speed of the new Holy Roman Empire, the demand for rail transportation, and the high population growth rate, which are all good news.

After being packaged in this way, many speculators have won. In theory, all these railway lines will be profitable. Even the most remote railways in Bosnia and Herzegovina will be profitable in the future.

These figures are not deceptive, and it is only a matter of time before railway profits are made. There were no cars or planes in this era, and no means of transportation could compete with railways in land transport.

The territory of the New Holy Roman Empire is not large, there are no too remote places, there are no deserted frontiers, and there is potential for discovery in the future.

Franz estimates that if the Vienna government does not restrict the price of rail transport, more than 70% of the routes will be profitable after ten years; 20 years later, more than 90% of the routes will be profitable; wait until 30 Years later, all routes are profitable.

This profit is based on not considering the construction cost, but the simple operating income exceeds the operating cost. I don't know if it will take years to recover the investment.

The construction cost of the railway has not been recovered, and it needs to be overhauled. No matter how good the maintenance is, most of the rails and sleepers will be replaced after decades.

Since it's painting, Franz doesn't mind making it look more attractive. For example, the Vienna government promised to subsidize severely loss-making routes to ensure the normal operation of the railway.

This promise is actually the same as none, and the operating costs will not be collected by the railway line. The railway company will definitely give up!

The Vienna government as the receiver, regardless of whether or not to give subsidies, must ensure the normal operation of the railway. It is the responsibility and obligation of the government to ensure the smooth flow of basic transportation facilities, and this money is simply indispensable.

Moreover, before that time, when the economic crisis broke out and the railway company's capital chain broke, it became inevitable to accept the government's shareholding. After several more economics, the largest shareholder became the Vienna government.

Being able to control the railway holdings within the rules, why break the rules?

Obtaining a controlling stake in the railway by economic means is much more than turning the table over and roughly proclaiming that the state-owned railway is much smarter.

Moreover, the management system of joint-stock cooperative companies is much lower than the government's direct appointment of bureaucrats for management.

...

London

Barclays Bank now has some prototypes of the Barclays Bank consortium. Except that it has not publicly announced the establishment of a consortium, the capitalists who are essentially attached to the bank already have the strength of a consortium.

Barclays's own funds have exceeded 100 million pounds, and the funds that can be mobilized through the financial market have exceeded 300 million pounds. The industry affected has exceeded 500 million pounds, and it is also among the top consortia in the UK.

President Jenos took out a stack of information and distributed it to everyone, and then said, "Not long ago, the Vienna government suddenly announced a major investment in infrastructure.

Including: railways, ports, urban drinking water projects, municipal engineering reconstruction, and even some water conservancy projects, all are included in the scope of bidding.

It is estimated that the total investment amount is up to 480 million Aegis, which is 240 million pounds, and the surrounding industry market will be driven by more than 500 million pounds. This is a capital feast, and it is also accompanied by very severe challenges.

How to win the biggest cake while keeping the risk to the lowest point is the topic we are discussing today.

The information has been sent to everyone, and is generally similar to what we knew before, but now it is more detailed and related to specific projects. "

Big capitalist Simon questioned: "Mr. Genos, as far as I know, the total revenue of the Vienna government last year was only 121 million SHIELD, and this year it will not exceed 128 million SHIELD. Do they get this huge sum to invest ? "

Genos calmly replied: "In recent years, Austria's economic development has been rapid, and the Vienna government has taken the opportunity of the Near East War to successfully get rid of its financial difficulties.

Especially after the annexation of several German states, the new Holy Roman Empire, which was just born, has a total population of more than 50 million, and the economic aggregate surpasses that of the French, which is only us.

At present, their government's total debt is less than 80 million Aegis. This debt ratio can be said to be quite low. If they want to raise funds externally, presumably everyone will refuse? "

Rejected, why not? Whoever can't live with the money and the British have a severe surplus of capital, these years are looking for places to invest. In the face of a high-quality customer, how can it be rejected for no reason?

The potential benefits are even greater if the financial markets of the New Holy Roman Empire can be affected through loans.

Simon replied without hesitation: "Of course, the Vienna government is now a premium customer, as long as they are willing to join the sterling-gold system and provide them with loans without any problems.

But they will not join. The Austrians also want to engage in the Aegis, the gold system, and cannot easily compromise with the London government.

In this case, should we still do this business? "

The capitalist Bernard asked, "Why don't you make a profitable business?"

It is a long-term job to control their financial markets through loans, and to influence the decision of the Vienna government through finance, so that they can accept the sterling gold-system.

Our approach is consistent with the government's strategy, but it takes a little time. The new Holy Roman Empire is also a big country, and wanting them to compromise is not a matter of overnight, it is more secure to slow down. "

Except for the truth from the previous sentence, all the ghosts are behind. Controlling financial markets through loans can indeed be done, but this is a theoretical situation.

Austrian capital is not a fool. For its own benefit, it will also resist their capital invasion. It is very obvious which side the Vienna government will stand on.

Never heard of a single loan controlling the finances of a big country.

Unless they can make the Vienna government's finances problematic and rely on foreign loans for a long time, they will inevitably be affected by them.

But then, high-quality customers have become low-quality customers, and the business is no longer necessary.

Genos said solemnly, "Let the government of London let them implement it. We support them as long as they do not harm their own interests.

Everyone must forget that the bait thrown by the Vienna government is poisonous. They require investors to advance the construction funds and pay a security deposit.

Once something happens in the middle and the project's funding chain breaks, not only the initial investment has been watered down, but also the security deposit has been confiscated, and all risks are borne by investors.

This kind of project that squeezes a lot of funds seems to be specially prepared for us, which is too abnormal.

From the analysis of the current economic situation, this round of economic development seems to be reaching its limit. The fruits are ripe and the harvest is not far away.

When the economic crisis was approaching, the Vienna government launched this big plan, and I very much suspect that they were just trying to get a security deposit. "

Bernard said without hesitation: "Even if they are defrauding the security deposit, it is based on the premise of a bad project. As long as the project is completed successfully, they must pay. I don't think the Vienna government will lie.

Compared with the security deposit, I think they are more likely to be pulling people into the water. Once everyone invests funds in these ineffable infrastructures, even if the economic crisis breaks out, there is no way to withdraw funds from Austria.

In order not to let the initial investment falter, investors have to continue to invest, as long as these projects are under normal construction, the impact of the economic crisis on Austria will be minimized.

However, I am very doubtful that an economic crisis will occur in Austria?

Although the capitalist economy has developed to this day and has affected more and more countries, the impact of conservative Austria should not have been great.

They have never even experienced it. What is the real economic crisis like? "

Simon sneered: "Bernat, you still think a few years ago! Since 1850, the Austrian market has become the most popular region for British capital.

So far, the total investment of British capital in the neo-sacred Rome area should exceed 180 million pounds, and the investment of French capital there will not be less than 50 million pounds.

Barclays has invested more than 15 million pounds there. If we draw funds together and leave, the Austrian economic crisis will soon erupt. "

They have pride in their capital. This era was the time when the British Empire had the greatest capital advantage. Even the French who were closest to them could not match it.

Genos glanced at the crowd and said, "No matter what the conspiracy of the Austrians has, we can continue to cooperate as long as it does not prevent us from making money.

Based on the information in our hands, guessing their plans is very unreliable. Regardless of the conspiracy of the Vienna government, there are indeed many high-quality assets in the projects they have come up with this time.

We just need to screen out the high-quality assets in it, and then find a way to get it. Whoever loves to take over the remaining junk assets will let them pick it up.

If possible, you can also work hard to see if you can throw some good-looking garbage projects to our competitors.

In my personal opinion, the urban safe drinking water pipe network project is very good and can be swallowed. Once this project is completed, you can imagine that it has monopolized the profit of a city's tap water supply. "

Simon said very cooperatively: "Jenus, you are still so powerful, you can pick the most effective value project at a glance.

Several of our water supply companies have always been the most stable sources of revenue, and they are hardly affected by market fluctuations.

However, I think that as long as the Austrian bid is high enough, it is also possible to undertake some municipal engineering projects. By the way, we can also help them issue construction bonds to solve the project's funding requirements. "

Obviously, what he is looking for is not a municipal construction project, but a bond issue.

These bonds were not eaten by themselves, but were sold on behalf of the Vienna government in the London financial market. It was not related to them whether they could be cashed or not. Anyway, transaction fees and exchange fees were earned first.

Bernat added: "Our railway companies can't be idle either. Now the domestic business growth has almost stagnated and the development potential is no longer great.

In any case, we should take this opportunity to win a few railway lines, push the stock price up, and then find a next home to take the order. "

Obviously everyone knows that there is a crisis, but this does not prevent them from making money. As long as the profit is large enough, who cares what the Vienna government wants to do?

Everyone's different opinions actually represent their different interests. In the same consortium, everyone's development direction may not be the same.

Everyone has their own goals. Only when there is no conflict of interest, can we achieve close cooperation.

If this is not possible, then it is still time for the separation. To put it plainly, the consortium is just a combination of interest groups. Once everyone has a conflict of interest, it is also very natural to fall apart.

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