Date
21 October 2017

China Railway taps rail property assets for funds, paper says

China Railway Corp. has begun land development along rail lines as a means to fund railway construction, Economic Information Daily reported Wednesday. This is expected to pave the way for property development projects in Guangdong, Fujian, Jiangxi, Anhui and Sichuan provinces. The rail development model is a viable fundraising alternative to private capital given investor reluctance to invest in low-return rail construction, Wang Mengshu, an academic at the Chinese Academy of Engineering, was quoted as saying.

– Contact HKEJ at [email protected]

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