Kilometer-Long Rail: Group and Zhejiang

kilometer-long rail: The investment for the venture stands at 44.9 billion yuan 6.46 billion of which private investments account for 51 percent, the statement noted, according to Global Times China. Private investors including Fosun Group, Zhejiang Wanfeng Auto Holding Group and Zhejiang Geely Holding Group will have a franchise period of 30 years, four years for construction and the rest for operation, the Xinhua News Agency reported. The 269-kilometer-long rail that connects Hangzhou, Shaoxing and Taizhou in Zhejiang Province is the first PPP-funded high-speed railway project controlled by private investment, according to a statement posted on the website of China Railway Fifth Survey and Design Institute Group Co on Friday. The project is one of eight demonstration projects of social investment in the railway sector, according to an announcement by the National Development and Reform Commission NDRC in January. The railway line, located in the eastern coastal area, has a good prospect for making a profit, Sun said, noting that the profitability is linked to the population density and income level of the areas it passes through. Part of the reason these projects were shortlisted by the NDRC is that they are high-value investment targets, Sun Zhang, a transport professor at Tongji University, told the Global Times Monday. (news.financializer.com). As reported in the news.