High-speed railway welcomes private investment

New 266.9-km intercity line greatly shortens travel time between Zhejiang cities, further enhancing regional economy

China's first privately controlled high-speed railway in Zhejiang province will provide a promising example for private capital to invest in the nation's railway sector, experts said.

As the first high-speed railway largely funded by domestic private capital, the 266.9-kilometer Hangzhou-Shaoxing-Taizhou intercity high-speed railway greatly shortens travel time between cities in Zhejiang.

Construction of the railway began in December 2017. After four years of construction, the high-speed railway line officially opened on Jan 8.