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News

Private money for railway project

7 October 2009
Construction has begun in northern Shanxi province on China’s first railway involving private funds.
The railway is co-funded by the Broad Union Investment Management Group, Yufeng Railway Construction Investment and the Railway Bureau of Zhengzhou.

The 64km line connects Jiafeng township and Nanchenpu in the city of Jincheng. It is expected to cost Rmb2.3bn and will take three years to build.

Jincheng is a major coal-producing area and the line is intended to help develop the industry.
     
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