THE Beijing municipal government, Beijing MTR Corporation, and the three shareholders of Beijing MTR signed a letter of intent during the Beijing Hong Kong Economic Cooperation Symposium on November 26 to initiate a concession agreement for Part B of the Beijing metro Line 16 public-private partnership project.
China is a relative newcomer to building metros in its major cities, and there was even a ban on new projects in 2002. However, since this policy was reversed in 2004 there has been an explosion in metro construction. As Hans-Ulrich Riedel reports, 23 cities in China have metros totalling 2735km, with a further 2853km under construction.
AN express metro is to be constructed from Beijing South station to the Chinese capital's new airport which will be built in the southern district of Daxing. The line is expected to be 37km long and with a journey time of around 30 minutes.
MTR celebrated the start of operations on Hangzhou Metro Line 1 in November, its seventh project outside of Hong Kong. And as deputy CEO Lincoln Leong explains to Kevin Smith, the company is committed to strengthening its external presence over the next few years.
BEIJING MTR Corporation, a joint venture company comprising MTR Corporation, Beijing Infrastructure Investment Corporation and Beijing Capital Group commenced a concession agreement with the Beijing municipal government on November 6 for a public-private partnership for part B of the Beijing Metro Line 14 project.