The consortium led by Fosun and the Zhejiang provincial government has secured a loan financing from China Construction Bank, the Agricultural Bank of China and two other banks to finance the first high-speed railway project in China.
The CNY44.9 billion (US$6.67 billion) project will have a total length of about 269-km covering Hangzhou – Shaoxing – Taizhou in Zhejiang Province. The project will be implemented under the Public-Private Partnership (PPP) with a 30-year concession period.
The consortium led by Fosun includes eight private firms, which hold a 51% stake in the project company. The remaining shares are held by China Railway Corporation, Zhejiang Communications Investment Group, and local government.
Country updates
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May 06, 2019
Pakistan signed JV agreement for Rashakai Economic Zone under CPEC
Management Company (KPEZDMC) and China Road and Bridge Corporation (CRBC) for the implementation of Rashakai Special Economic Zone (SEZ) in the northwestern province of Khyber Pakhtunkhwa,&n...
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April 30, 2019
IL&FS unit to sell 49% stake in Chongqing Yuhe expressway
India-based ITNL International, a wholly-owned unit of IL&FS Transportation Networks of IL&FS Group is looking to sell 49 percent of the equity stake in Chongqing Yuhe Expressway Company...
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April 29, 2019
Everbright Greentech Secures solid waste management projects in Chifeng and Huangshi
China Everbright Greentech Limited announced that the Company has recently secured Chifeng Solid Waste Landfill Project in the Inner Mongolia Autonomous Region, as well as Huangshi Solid Waste Integra...
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April 16, 2019
China Everbright Greentech secures Anhui Yeji Biomass Electricity and Heat Cogeneration Project Phase II and Jiangsu Suqian General Industrial Solid Waste Electricity and Heat Cogeneration Project
China Everbright Greentech Limited has secured the development of two projects: Anhui Yeji Biomass Electricity and Heat Cogeneration Project (Yeji Project) Phase II and Jiangsu Suqian General Ind...
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April 16, 2019
China Everbright Greentech secures Heilongjiang Daqing Solid Waste Integrated Treatment Project in Heilongjiang Province
China Everbright Greentech Ltd. has secured the Heilongjiang Daqing Solid Waste Integrated Treatment Project (Daqing Project) Phase I, with an investment of approximately CNY433 million (US$...
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