Chinese Province Seeks Private Funds for Rail Programme
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Chinese Province Seeks Private Funds for Rail Programme

23 May 2010

Zhejiang Province in China is seeking private investments worth CNY3bn ($439m) to fund its railway construction programme. Zhejiang Railway is planning to construct 24 railway projects by 2015, costing around CNY300bn ($44bn). The provincial government is expected to provid

Zhejiang Province in China is seeking private investments worth CNY3bn ($439m) to fund its railway construction programme.

Zhejiang Railway is planning to construct 24 railway projects by 2015, costing around CNY300bn ($44bn).

The provincial government is expected to provide CNY50bn ($7bn) for the projects, according to chinaknowledge.com.

A private-equity fund with Bank of China Group Investment has been launched by Zhejiang Railway.