Source: CCTV.com

12-20-2006 14:03

Construction began, on Tuesday, on China's first privately funded railway which is expected to be put into operation in 2009.

The railway, located in Guangdong and Guangxi provinces, is set to become a key route linking Pearl river delta with Hong Kong and Macao S-A-R-S, will handle both cargo and passengers. The railway is funded by the Shenzhen Zhongji Company, which own 100 percent of its equity rights. Authorities say the construction of the first privately-funded railway is a step in the reform of railway investment and it will have a positive impact on the development of capital flows and logistics.

 

Editor:Lu Yuying