China builds its first PPP high-speed railway
HANGZHOU - 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), 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.
- Chinese scholar honored with Russia's 'Labors Reward' medal at Kremlin
- Section of national highway collapses in Sichuan
- Exhibition highlights historical and cultural roots of Guangdong, Hong Kong, Macao
- China showcases latest advances in metrology at Hunan exhibition
- New research by Nankai University offers hope to women affected by infertility
- Cultivation in Yunnan paves the way for 'durian freedom'
