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Article: China : China to list railway operators to fund growth-paper.
- Article from:
- TendersInfo
- Article date:
- June 26, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: rakshali03
The Chinese government may float key assets of its three major railway operators to help bankroll a frantic expansion of its railway system, the China Daily reported on Thursday.
The move is part of China's ambitious plan to spend an estimated 350 billion euros on railroad construction, expansion and upgrading in the next three years. China has already sold bonds and permitted the sale of some of the country's best rail assets, including Daqin Railway Co in order to help fund the expansion.
China's plans offer opportunities for Western and Japanese equipment and engine makers, including Siemens AG, General Electric Co and ...