On September 28, the “Contract Signing Ceremony for Zhejiang Provincial Integrated Transportation Investment, Financing and Construction” was held in Hangzhou, Zhejiang. At the meeting, Zhejiang Provincial Government and Shanghai Fosun Hi-Tech (Group) Co., Ltd.

formally signed the agreement on the cooperation in Hangzhou-Shaoxing-Taizhou Railway Public-Private-Partnership (PPP) Project, which also marked the official landing of Hangzhou-Shaoxing-Taizhou Railway, the first domestic high-speed railway (HSR) controlled by private capital.

　　As a national railway PPP demonstration project and the No. 1 PPP project in Zhejiang, Hangzhou-Shaoxing-Taizhou HSR Project is expected to post a total investment of RMB44 billion. As one of the implementing parties of the project, Sunvision Capital, which is under Fosun Property, a member company of Fosun Group, will work with all parties concerned to jointly promote the smooth progress of the project.

　　Hangzhou-Shaoxing-Taizhou HSR Project is part of the coastal rapid passenger traffic passage in China, an important portion of the integrated transportation network in urban area and inter-city rapid transportation network in the Yangtze River Delta. It is also a dedicated passenger railway line integrating various functions of road network, inter-city connection, tourism and economic development.

　　The contract signing ceremony also witnessed the signing of 13 integrated transport infrastructure projects, with a total investment over RMB200 billion.

　　At present, Sunvision Capital’s reserved PPP projects in China have totaled nearly RMB500 billion, covering Beijing, Tianjin, Shandong, Henan, Jiangsu, Zhejiang, Fujian and other provinces. Sunvision is also talking with relevant parties to launch several provincial and municipal parent funds nationwide.