China: In a pilot private financing scheme, 60% of the 775m yuan cost of a 45 km line expected to open in 2006 is to come from bank loans. A 32·5% stake in the Quzhou Changshan Railway Co will be owned by the private Changshan Cement Co, with the Ministry of Railways having 35% and the local government 32·5%.

France: On March 10 the RFF board voted to put in place a financing package for the eastern section of TGV Rhin-Rh