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China builds its first PPP high-speed railway

June 22, 2021


Abstract : China's first high-speed railway controlled by private capital has been built to connect several cities in east China's Zhejiang Province.

Aerial photo taken on Feb. 1, 2021 shows the construction site of Hangzhou-Shaoxing-Taizhou inter-city railway in east China's Zhejiang province. (Xinhua/Huang Zongzhi)

HANGZHOU, June 22 (Xinhua) -- China's first high-speed railway controlled by private capital has been built to connect several cities in east China's Zhejiang Province.

On Tuesday, the tracks were completed for the Hangzhou-Shaoxing-Taizhou intercity railway, one of 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 6.95 billion U.S. dollars), the 266.9 km rail line has been designed with eight stops and a speed of 350 km per hour.

The new rail line will be opened by the end of this year and will be connected to the high-speed railway network in the Yangtze River Delta region. It will halve the travel time between Hangzhou and Taizhou to approximately one hour. Enditem

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Keyword: PPP high-speed railway

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