Private sector receives massive policy boost

Workers lay the track of the Hangzhou-Shaoxing-Taizhou high-speed railway in Wenling, East China's Zhejiang province, on June 22, 2021. [Photo/Xinhua]

BEIJING: The Hangzhou-Taizhou High-Speed Railway in Zhejiang province, China’s first high-speed railway controlled by private capital, has proved to be a milestone in the government’s efforts to attract private funding to key infrastructure construction and local transportation development.

The railway, which began operating in January 2022, has a designed speed of 350 km/h and connects a number of well-known scenic spots.