China: Private-led rail effort to stand test of time

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An investment deal for China's initial Public-Private Partnership (PPP) project in the railway sector was signed on Monday, signaling the first ever railway sector investment and financing deal in which private capital holds a controlling stake. Experts said that after solving issues concerning the operation and profitability of this high-speed rail line in East China's Zhejiang Province, the project could be a true PPP and be copied, accelerating railway expansion in China as the country becomes a rail power. Read more

Global Times