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Rapid run to Hangzhou
Source: Xinhua |
February 7, 2009, Saturday
|
Print Edition
Print Edition
CONSTRUCTION will begin by late March on a high-speed passenger train line between Shanghai and the scenic city of Hangzhou in neighboring Zhejiang Province, a rail official said yesterday.
The exact starting date for the work won't be known until the National Development and Reform Commission, the nation's chief planning agency, approves a report on the project, according to Yu Jian'er, chairman of the board and general manager of Zhejiang Provincial Railway Investment Group Co Ltd.
The report was submitted on December 15, and approval is likely in mid-February, Yu said. Construction is forecast to take two years and cost 29.68 billion yuan (US$4.37 billion).
Trains on the 159-kilometer line will be able to reach speeds of 350 kilometers per hour, shortening the trip to 38 minutes from more than an hour at present.
The rail link is one of many projects in the area awaiting a green light from the central government as China embarks on a construction spree intended to create jobs and help stimulate the economy.
Yu said that the Ministry of Railways, Shanghai, Zhejiang and Baosteel Group will invest in the project.
Baosteel will put in about 2 billion yuan, with the railway ministry and Shanghai and Zhejiang governments sharing the rest equally.
Zhejiang Provincial Railway owns all railways in the province and will take charge of related operations. The ministries of Environmental Protection and Land and Resources approved the environmental impact and land use plans for the project on January 21.
The exact starting date for the work won't be known until the National Development and Reform Commission, the nation's chief planning agency, approves a report on the project, according to Yu Jian'er, chairman of the board and general manager of Zhejiang Provincial Railway Investment Group Co Ltd.
The report was submitted on December 15, and approval is likely in mid-February, Yu said. Construction is forecast to take two years and cost 29.68 billion yuan (US$4.37 billion).
Trains on the 159-kilometer line will be able to reach speeds of 350 kilometers per hour, shortening the trip to 38 minutes from more than an hour at present.
The rail link is one of many projects in the area awaiting a green light from the central government as China embarks on a construction spree intended to create jobs and help stimulate the economy.
Yu said that the Ministry of Railways, Shanghai, Zhejiang and Baosteel Group will invest in the project.
Baosteel will put in about 2 billion yuan, with the railway ministry and Shanghai and Zhejiang governments sharing the rest equally.
Zhejiang Provincial Railway owns all railways in the province and will take charge of related operations. The ministries of Environmental Protection and Land and Resources approved the environmental impact and land use plans for the project on January 21.
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