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: The Operation Lifesaver safety campaign has expressed concern over an increase in illegal ‘Subway surfing’, where people ride on the outside of metro trains, and New York City Transit has deployed drones to back up a publicity campaign developed with teenagers to tackle the problem ...
