Fosun Hitches Up Deal for China’s First Privately Owned Railway
A group led by private equity giant Fosun Group signed an agreement to launch China’s first privately controlled railway line, a major milestone under a government program designed to finance more infrastructure with private money.
Parties signed an investment agreement for the public-private partnership (PPP) rail project in Zhejiang province on Monday. The deal was the first of its kind in the railway sector to have private investors hold a controlling state.
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