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Tianjin Port Development Holdings Ltd said yesterday it will raise a net HK$2.4 billion placing 986.5 million shares at HK$2.50 each.
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China's Tianjin plans vast expansion of rail network by 2020
2009-05-26

The rail system in China's northern port city of Tianjin will expand to 470 kilometers of track by 2020, under a plan approved by the municipal government Monday.

Tianjin, about 120 km southeast of Beijing, now has one subway line and one light rail line totaling 70 km. Two more subway lines and an extension of the light rail system are being built and will add 58 km.

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The city will have 11 metro lines covering 410 km by 2015 and 14 lines totaling 470 km by 2020, under the plan.

Tianjin, like other Chinese cities, is expanding its rail system as rising private car ownership causes more traffic jams.

 
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