ChinasfirstPPP-fundedhigh-speedrailwayunderconstruction-PeoplesDailyOnline

Saturday, Feb 2, 2019SearchArchiveChineseChinese
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PortugueseHomeOpinionsBusinessMilitaryWorldSocietyCultureTravelScienceSportsSpecial CoveragePhotoVideoEnglishChinas first PPP-funded high-speed railway under construction(Xinhua)    15:52, February 02, 2019BEIJING, Feb.2 (Xinhua) — Construction of Chinas first public-private partnership (PPP) funded high-speed railway has kicked off, China Railway Construction Corporation said Saturday.The 266.9-km railway will start from the city of Hangzhou, crossing Shaoxing and ending in Taizhou, all cities in east Chinas Zhejiang Province.The rail line is designed to run at a top speed of 350 km per hour, according to the company.A total of 44.9 billion yuan (about 6.69 billion U.S. dollars) will be invested in the construction of the project, with private firms accounting for a 51-percent share.Connecting the cities boasting the most remarkable growth of private economy nationwide, the rail line is expected to be a significant part of Chinas railway network.China is redoubling its efforts to build the worlds most extensive and sophisticated railway network. By 2020, China will have 150,000 km railway including 30,000 km high-speed railway, according to the governments plan.var addthis_config = {“data_track_addressbar”:false};(For the latest China news, Please follow Peoples Daily on Twitter and Facebook)(Web editor: Liang Jun, Bianji)Add your comment/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var shortname=window.location.host;var disqus_shortname=;var disqus_identifier=;if (shortname==en.people.cn){disqus_shortname=enpeople;disqus_identifier = 9543877;}/* * * DONT EDIT BELOW THIS LINE * * */(function() {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = // + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();Please enable JavaScript to view the comments powered by Disqus.We RecommendA warmer winter for “Ice Boy” Wang Fuman
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