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Temasek invests US$10 million in Jiqing high-speed rail line

02/27/2015| 9:52:32 AM| ChinaTravelNews 中文

Singapore-based Temasek Holdings has confirmed its US$10 million investment in the Jiqing high-speed rail line that connects Taiyuan with Qingdao.

Singapore-based Temasek Holdings has confirmed its US$10 million investment in the Jiqing high-speed rail line that connects Taiyuan with Qingdao. The Jiqing high-speed rail line’s feasibility study report was approved by state authorities on January 12.

The Jiqing high-speed rail line will be 307 km long with transport capacity of 50 million passengers per year each way. Its four-year long construction is slated to begin this March.

Shandong province and China Railway Corporation (CRC) will jointly invest the estimated RMB59.98 billion (approx: US$9.58 billion), total investment for the project at a ratio of 80% to 20%, making it the first project in which a provincial government is taking a larger stake than CRC.(Translation by David)

TAGS: Temasek | CRC | high speed rail
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