Hangzhou - Shaoxing - Taizhou Railway

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The project envisages the construction, operation and maintenance of a high speed railway line connecting Hangzhou - Shaoxing - Taizhou. Total length of the transportation facility is 269 kilometers. This is China’s first high-speed railway PPP. Hangzhou-Shaoxing-Taizhou railway will include nine stations and it is one of the eight railway projects that is able to accept private investment. The project will utilize a BOOT model with the railway transferred to the government after 30 years at no fee. The fees to be charged of railway users and the government’s viability gap funding scheme will help private investors reap stable returns from the project. Fosun Group leads the consortium of eight private firms that hold 51 percent stake in the Hangzhou-Shaoxing-Taizhou project. State-owned China Railway, Zhejiang Communications Investment Group, and local government hold the rest. The railway project is estimated to cost 44.9 billion yuan (6.9 billion U.S. dollars). Construction will take four years. Financial closure was reported to have reached on September 13, 2017. No debt financing information is currently disclosed. https://ijglobal.com/data/transaction/39152/hangzhou-shaoxing-taizhou-high-speed-railway-269km-ppp Factiva Infrastructure Finance As of January 2018, no debt financing details were disclosed. However, Financial close was reported by several sources to have reached.