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Beijing is inviting 27 billion yuan ($4.32 billion) from private investors for its subway line 16, the National Development and Reform Commission announced on May 21.
The NDRC listed 80 projects covering railways, gas pipelines, telecommunications and clean energy that it plans to open up to private capital, and one of them is Beijing’s subway line 16.
The negotiations for attracting social investments have reached the final stage. Two enterprises will invest 27 billion yuan for constructing line 16 –the largest outside investment for the Beijing’s subway construction program, said Hao Weiya, vice-general manager of Beijing Infrastructure Investment Co Ltd.
