China's first PPP high-speed railway put into operation
11 January 2022China's first high-speed railway controlled by private capital was put into operation on Saturday in east China's Zhejiang Province.
The Hangzhou-Shaoxing-Taizhou intercity railway is among China's first group of high-speed railway projects funded by a public-private partnership (PPP), with the private sector having a holding status.
With a total investment of nearly 44.9 billion yuan (about 7 billion U.S. dollars), the 266.9-kilometer rail line was designed with eight stops and to facilitate speeds of 350 kilometers per hour.
The construction of the railway began in 2017. The track-laying work was completed in June 2021.
Related
-
Neom cancels $1.5bn desalination plant project
17 May 2024
-
10GW wind farm in Egypt takes major step towards construction
17 May 2024
-
South Africa To Build Business Case For Maputo Corridor
17 May 2024
-
EU to loan €325m for 120km Albania rail line
17 May 2024
-
L&T Valves Opens New Manufacturing Facility in Saudi Arabia
17 May 2024
-
Iraq opens bids for Baghdad metro project
16 May 2024