China Railway Construction Corporation (CRCC) has announced the start of the construction phase of the 266.9 km Hangzhou-Shaoxing-Taizhou high-speed railway, located in Zhejiang Province.
CRCC signed a 30-year concession contract to build and operate the railway in September 2017. Other shareholders in the concession include Fosun International, Hongrun Construction Group (12.75%), Wangfeng Auto Holding Group, Zhejiang United Mechanical & Electrical and Ping An.
The CNY44.9 billion (US$6.69 billion) rail line will deliver up to 350 kph top speed. It is the first HSR in China to be delivered through a public-private partnership (PPP).
Country updates
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February 10, 2019
China Everbright awarded five waste-to-energy projects
China Everbright International Limited (CEIL) has been awarded 30-year Build-Operate-Transfer (BOT) concession contracts for five waste-to-energy projects in China. The projects are the following...
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February 07, 2019
China Everbright International reaches supplementary concession agreement to expand waste-to-energy plant in Ningbo
China Everbright International has announced that it has reached a supplementary concession agreement with the Housing and Urban-Rural Development Bureau of Ninghai County in Ningbo City, Zhejiang Pro...
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January 28, 2019
China prepares new regulations for local PPP projects
The government of China is reportedly preparing new legislation to govern public-private partnerships (PPPs). Regulations being drafted by the Ministry of Finance, the National Development and Re...
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January 17, 2019
Ranken Railway Construction Group wins US$120 million EPC contract for riverbank restoration project in Chengdu
Sapphire Corporation has announced that its 97.6% owned subsidiary, Ranken Railway Construction Group Co., has secured an EPC contract of CNY832 million (US$123.0 million) for the first phas...
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January 15, 2019
China Railway Construction consortium wins road PPP project in Shaanxi
A consortium led by China Railway Construction Co., Ltd. has been awarded a PPP contract to develop the Meixian-Taibai highway in Shaanxi Province, north-west China. With an estimated...
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