Invested 44.89 billion! China's First Privately-Controlled High-speed Railway Finalizes Contract
According to the report of “Yangguang Newsâ€, on the afternoon of the 11th, the private consortium led by Fosun Group and the Zhejiang Provincial Government formally signed the “Hangzhou-Shangtai Railway PPP Project†investment contract.
Hangshangtai High Speed ​​Rail is China's first high-speed rail project that is controlled by private companies. The privately-owned consortium holds 51% of the shares. Social capital is the first to achieve absolute control in the railway investment field.
This is also the first high-speed railway to use PPP mode construction and operation. The project company is solely responsible for investment, financing, construction, operation, and maintenance. After the operation period expires, the project company will transfer it to the Zhejiang government or the Zhejiang government designated agency.
Hangshangtai High Speed ​​Rail is located in the eastern part of Zhejiang Province and is an integral part of the domestic coastal rapid passenger traffic channel. It is an important part of the integrated transportation network and inter-city rapid transit network in the urbanization area of ​​the Yangtze River Delta. It is a road network, intercity, tourism and along the route. Economic development function as one of the passenger dedicated railway line.
It started at Hangzhou East Railway Station and passed through Hangzhou South Railway Station, Shaoxing North Railway Station, New Shaoxing North Railway Station, Dongguan Railway Station, Sanjie Railway Station, Xinzhou Railway Station, Tiantai Railway Station, Linhai Railway Station, and finally Taizhou Central Station. The total length is 269 kilometers. 350 kilometers, a total investment of 44.89 billion yuan, is expected to start the entire end of 2017.
The project cooperation period is 34 years, of which the estimated construction period is 4 years and the operation period is 30 years.
The industry believes that the biggest significance of this private high-speed rail is to truly promote the marketization of the railway. After all, the railway is still in a relatively monopolistic state.
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