CHINA China builds its first PPP high-speed railway


China builds its first PPP high-speed railway


17:05, June 22, 2021

Workers lay tracks on the Hangzhou-Shaoxing-Taizhou High-speed Railway in Linhai, Zhejiang province, on Feb 1, 2021. Connecting three major cities in Zhejiang, it is China's first high-speed railway in which private capital holds a majority of shares. (Photo: Xinhua)

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.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue