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China builds its first PPP high-speed railway

Workers prepare to lay tracks at the construction site of the Hangzhou-Shaoxing-Taizhou inter-city railway in east China's Zhejiang Province, Feb 1, 2021. (PHOTO / XINHUA)

HANGZHOU – China's first high-speed railway controlled by private capital has been built to connect several cities in east China's Zhejiang Province.

The Hangzhou-Shaoxing-Taizhou intercity railway will be opened by the end of this year and will be connected to the high-speed railway network in the Yangtze River Delta region

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On Tuesday, the tracks were completed for the Hangzhou-Shaoxing-Taizhou intercity railway, one of China's first group of high-speed railway projects funded by a public-private partnership (PPP), with the private sector having a holding status.

With a total investment of nearly 44.9 billion yuan (US$6.95 billion), the 266.9 km rail line has been designed with eight stops and a speed of 350 km per hour.

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The new rail line will be opened by the end of this year and will be connected to the high-speed railway network in the Yangtze River Delta region. It will halve the travel time between Hangzhou and Taizhou to approximately one hour.