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High-speed rail partnership
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A Zhejiang private investment consortium has signed a deal with Zhejiang provincial government to develop the Hangzhou-Shaoxing-Taizhou high-speed railway project, according to a China National Radio report.
It will be the first public-private partnership-funded high-speed railway project in China.
“The State Council, or China’s Cabinet, published policies encouraging private investment to expand in 2005 and in 2010. The Hangzhou-Shaoxing-Taizhou high-speed railway project, using a public-private-partnership investment model, will serve as a demonstration project of the policies,” said Li Hongchang, deputy director of China Transportation Economic Research Center, in an interview with CNR.
The 269-kilometer Hangzhou-Taizhou Intercity Passenger Line will have a total investment of 44.9 billion yuan, with private capital contributing 51 percent of the investment. Construction of the line will start by the end of this year, and it is expected to be completed in 2021.
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