.contact us |.about us
Home BizChina Newsphoto Cartoon LanguageTips Metrolife DragonKids SMS Edu
news... ...
             Focus on... ...
   

Multibillion-yuan maglev line said operational by year end
( 2002-03-22 10:10 ) (1 )

Construction of the 30-kilometre long maglev (magnetic levitation) line in Pudong of Shanghai is running on time and is scheduled to be put into trial operation by the end of this year.

"It will be a success and a sightseeing attraction," said Song Xiaojun, vice-president of the maglev development company.

"The project is new and problems are therefore unavoidable but we are making good progress in overcoming them."

The maglev line will cost 8.9 billion yuan (US$1.08 billion). Shanghai Shentong Holdings Co Ltd, whose acting general manager is also Song, will be acquiring 35 per cent of the project's equity.

Shanghai plans to add another 212 kilometres to its existing 65 kilometres of railway lines which will carry about 25 per cent of its 16 million population daily.

The estimated cost of extending the lines is 100 billion yuan (US$12.11 billion).

In the next 20 to 30 years, the city will build a tightly-knit three-dimensional mass transportation network with more than 800 kilometres of rail lines in use. Officials say this will drastically change the city's image and improve living conditions of residents.

As the investment company in charge of government interests, Shentong Holdings is obliged to seek money from outside.

The company has a registered capital of 26 billion yuan (US$3.15 billion) and was founded in 2000 after the Shanghai Municipality decided to reform its financing mechanism of mass transit projects.

The city created four entities in this area: investment; construction; operation and supervision, with the purpose of inviting private investment and reduce the government's financial burden.

"It has taken a long time to realize this and it still has to be improved with experience," said Song.

Focusing on maintaining sustainable development, Shentong Holdings has attracted 85 billion yuan (US$10.29 billion) for the city's 212 kilometres of rail lines.

By optimizing the process from design to construction and all related resources, Shentong Holdings will cut costs by almost 15 billion yuan (US$1.82 billion).

Song explains the benefits of the long-life rail system to investors and assures them of profits once the lines are put into operation and promises the same amount as the bank's interest before the lines become financially self-sufficient.

"Whoever invests shall be well rewarded," Song said.

Shanghai has been co-operating with Germany in the project, drawing advanced maglev technology and expertise.

The maglev line did not receive any financial aid from the government, he added. But some problems have meant foreign capital has not been ploughed into the city's massive rail campaign as it could have been.

 
   
 
   

 

         
         
       
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 火影忍者narutofootjob| 国产成人精品啪免费视频| 成人看片黄a毛片| 亚洲av无码专区在线厂| 激情国产AV做激情国产爱| 又黄又爽又色又刺激的视频| 麻豆国产精品va在线观看不卡| 极品新婚夜少妇真紧| 亚洲色婷婷一区二区三区| 美国农夫激情在线综合| 少妇中文字幕乱码亚洲影视 | 成年女人免费v片| 亚洲日本在线看片| 疯狂做受xxxx高潮不断| 国产欧美成人免费观看| 99精品全国免费观看视频| 少妇高潮太爽了在线观看| 久99久精品免费视频热77| 欧美日韩在大午夜爽爽影院| 免费av一区二区三区| 精品成人AV一区二区三区| 国产一区二区三区日韩精品 | 欧美午夜一区二区福利视频| 亚洲激情在线观看| 污视频网站在线| 人人妻人人澡人人爽人人dvd| 精品一区二区三人妻视频| 啊~怎么又加了一根手指 | 好爽好紧好多水| 久久精品国产亚洲香蕉| 狠狠躁夜夜躁人人爽天天不卡软件 | 国模精品一区二区三区| bt天堂网...www在线资源| 日本私人网站在线观看| 亚洲AV无码精品网站| 看Aⅴ免费毛片手机播放| 又大又硬又爽又粗又快的视频免费| 色网站免费观看| 国产中文字幕免费| 色老头老太xxxxbbbb| 国产三级中文字幕|