CHINA: MTR Corp has begun construction of its first rail plus property project in mainland China, based on the model it has used in Hong Kong.
MTR Corp is paying a premium of 2bn yuan to develop the site above the Longhua depot on Shenzhen Metro Line 4, which it has operated since July 2010, and expects to make a total investment of around 4bn yuan.
Completion is expected in 2016 and property sales could start as early as the fourth quarter of 2014 if market conditions allow.
CHINA: On January 20 MTR Corp signed a strategic co-operation framework agreement with the Longhua New District Administration Commission for an extension of Shenzhen metro Line 4, which MTR operates, and construction of a light rail line. The proposed metro extension, intended to serve the growing population in Longhua ...
CHINA: Shenzhen metro Line 3 operator Shenzhen Metro Group Co has awarded Nanjing SR Puzhen Rail Transport Co a 1·26bn yuan contract to supply 33 six-car trainsets in 2015-16. NPRT is a joint venture between CSR Corp and Singapore-based aluminium alloy supplier Midas Holdings. ‘The metro train sector’s positive ...
USA: Automatic train operation has resumed on the Washington DC metro after a 15 year gap. ATO was installed when the metro opened in 1976, but it was turned off following a fatal collision in June 2009. This was caused by a track circuit failure that ...
