High-speed railway projects can be opened to private investment

The Hangzhou-Taizhou High-Speed Railway, China’s first privately-owned high-speed railway in Zhejiang province, became operational recently. It has a total investment of 44.03 billion yuan ($6.93billion), 51 percent of the railway’s shares being held by a consortium of eight private enterprises and the rest by China Railway Development Fund Corporation, Zhejiang Transportation Investment Group, and Shaoxing…

Chinese contractors to build Philippines’ fastest, longest railway: ambassador

MANILA – The Philippine government has signed a commercial contract worth $2.8 billion with Chinese contractors to build the “fastest and longest railway” in the country that connects southern Luzon provinces, China’s Ambassador to the Philippines Huang Xilian said in a statement on Tuesday. Philippine Transportation Secretary Arthur Tugade signed on Monday the first package…

Freight train services with DPRK resume

China has resumed railway freight services to the Democratic People’s Republic of Korea to facilitate normal bilateral trade interactions, Foreign Ministry spokesman Zhao Lijian told a news briefing on Monday. He said the work will be conducted on the basis of ensuring COVID-19 epidemic prevention and control measures. A freight train from the DPRK that…

Efforts on fighting pandemic, improving efficiency of border clearance highlighted

China and Vietnam pledged on Thursday to continue with joint efforts in containing the COVID-19 pandemic and improving the efficiency of border clearance to facilitate more trade and economic cooperation. In a phone conversation, Premier Li Keqiang and Vietnamese Prime Minister Pham Minh Chinh reaffirmed their commitment to strengthening strategic dialogue, deepening exchanges in various…

Main Olympic railway marks 2nd anniversary

The Beijing-Zhangjiakou High-speed Railway, the main railway transportation method for the upcoming Beijing 2022 Olympic Winter Games, celebrated its second anniversary on Thursday as the railway sector has prepared for the sports gala. The line, which opened on Dec 30,2019, has handled 13.8 million passenger trips over the past two years, a daily average of…

Health authorities get ready for travel rush

China has ramped up its oversight of COVID-19 control work at ports and key venues as the 2022 Spring Festival travel rush is projected to be much busier than that in 2021, authorities said on Wednesday. The upcoming travel rush for the Chinese Lunar New Year will last for 40 days from Jan 17 to…

Opportunities rising from and for Middle Corridor

Since the Baku-Tbilisi-Kars railway-the core project of Turkey’s “Middle Corridor Initiative”-was officially put into operation on Oct 30, 2017, its actual utilization rate has been tepid and unsatisfactory. Statistics show that from the beginning of its opening to June 30, the total volume of container transportation on this route was 33,267 twenty-foot equivalent units. Among…

New high-speed rail enters service in Shandong

A new high-speed railway section entered service on Sunday in Shandong province, adding the city of Heze to the network. The 199-kilometer segment connecting Qufu in Jining city with Zhuangzhai town in Heze’s Caoxian county is part of the high-speed rail service Rizhao, Shandong and Lankao county in Henan province. It is designed for speeds…