Chinese metro PPP fund established
CHINA: A fund to invest in Chinese metro infrastructure project public-private partnerships was launched by Greenland Group, China Construction Bank and other partners on May 26.
The China Urban Rail Transportation PPP Fund plans to invest a total of 100bn yuan in metro design, build, finance and management PPP concessions which include property developments. The first instalment will be worth 24bn yuan.
The partners estimate that 50 Chinese cities will have metros by 2020, with a total length of 6 000 km