Experts call for more private capital

Private investment should be encouraged to help fund the massive construction costs of the new intercity railway in the Beijing-Tianjin-Hebei cluster, according to experts.

In December, the Jingjinji Intercity Railway Investment Co was founded by the China Railway Group and the governments of Beijing, Tianjin and Hebei province. The company, which will manage the 23 new lines, was registered with 10 billion yuan ($1.6 billion).

Miao Ziyi, general manager of Jingjinji Intercity, was quoted by Xinhua News Agency as saying private capital should contribute to the projects.