The PPP will be undertaken by a joint venture (JV), with MTR Consulting and EEB holding 83% and 15% respectively, with the remaining 2% held by a subsidiary of the Shenzhen government.

The agreement includes purchasing rolling stock and installing track and electrical and mechanical systems including signalling and the automated fare collection system. The Yuan 4.91bn ($US 703.2m) PPP will be financed through a combination of debt and equity.

Line 13 will run north - south in central Shenzhen, with 16 stations, and is due to open in 2023. Civil construction is being undertaken by Shenzhen Metro Group.

“We are delighted to be awarded the Line 13 PPP project and to participate in the railway network development of Shenzhen again after the Shenzhen Line 4 and Line 4 north extension,” says MTR CEO, Dr Jacob Kam.

“Building on our proven expertise in operating international railway services and experience in serving commuters in Shenzhen since 2010, we look forward to working closely with the Shenzhen Metro Group and delivering safe, reliable and convenient metro service to serve more commuters in this city. We will continue to contribute to improving the railway network of Shenzhen and further stimulating economic vitality in the Greater Bay Area.”

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