Its nolonger a secret that when it comes to high speed railway technology, China is the world’s leader and accounts for more than two-thirds of high speed rail way lines built in the whole world.
Its very interesting if you think about it that just 20 years ago, China had no high speed railway line in the country but starting with 2007, China has managed to build one the most extensive high speed lines in the world with more than 40,000 km which equals the length of equator.
Much of high speed railway lines built in China have been funded and controlled by the government but this started changing when Xi Jinping come to power with a program of private-public partnership that he thinks will quicken the development of the country and this is how 44.9 billion Yuan high speed railway come about.
The first high speed railway funded and controlled by private capital went into operation on saturday in Zhejiang Province.
Its among China’s first group of high speed railway projects funded by public-private partnership(PPP), with private sectoer having a holding status.
With a total investment of nearly 44.9 billion yuan(7 billion dollars), the 266.9 kilometer railway line was designed with eight stops and to facilitate speeds of 350km/h.
