Raffles Infrastructure Holdings, the company previously known as China Fibretech, is developing a 70kms tourist railway with a contract value of RMB6 billion ($1.2 billion).
To be finished in four stages, Phase 1, which stretches from 2018 to 2020, will be for the building of the railway between the Tourist Centre of Songshan to Shaolin Temple Tourist Area; Phase 2 from 2020 to 2022 will be for the finishing point of the building of railway between the tourist centre to the Study Courtyard of Songshan and Zhongyue Temple. Phase 3, for the building of tourist railway between temple to Luya aWaterfall and Safari Zoological Park, will last from 2022 to 2024. Lastly, Phase 4 which runs from 2024 to 2026 will be to complete the building of tourist railway between the park and Chaoyanggou Xiqu Town.
Entirely-owned subsidiary, Raffles (Chengdu) Investment and Development Co signed a framework contract with the Tourism Board of the People’s Government of Dengfeng and Chengdu Tianfu Railtech Valley Technology Co.
The Dengfeng City government will offer assistance as well as support to facilitate the Chengdu project.
On Sept 10, China Fibretech declared wholly-owned subsidiary, Raffles (Chengdu) Investment and Development Co signed a tripartite agreement with China Railway Construction Corporation Limited-23 Bureau and Tianfu Railtech Valley to form a consortium to bid for infrastructure-related projects.
Tags: tourist railway in China
